Santa Clara Mortgage Refinance and Information Online from competing Lenders
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CapeCodToday Blog Chowder - Cape Cod Today"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...
Milpitas mortgage brokers convicted of fraud - San Jose Mercury NewsAfter a three-month trial, two Milpitas mortgage brokers have been convicted of multiple counts of grand theft and forgery in a $10 million fraud case involving subprime mortgages. Through their business, Summit Mortgage One, Esperanza Valverde, 41 ...
Foreclosures in California on steep rise - San Francisco GateFriday, October 24, 2008 The news of the unrelenting rise came on the same day that the head of the Federal Deposit Insurance Corp. told Congress that the government should do more to help those at risk of defaulting on their mortgages. Statewide ...
Higher lending limits will end - Inside Bay AreaMemo to Bay Area home buyers and owners: Your days to buy or refinance homes using big loans set at low interest rates are numbered. As part of the economic stimulus bill that became law in February, loan limits on government-backed mortgages were ...
Bad news, good news on valley foreclosures - San Jose Mercury NewsThe number of Santa Clara County homeowners caught up in foreclosure nearly tripled in the third quarter of this year compared with a year ago, according to data released today, but dropped slightly compared with the second quarter of this year ...
Anxious investors hanging on despite heavy stock market losses - Los Angeles TimesIt's the watching and waiting that kills you. Whether it was someone's life savings, a stash of mad money or a retirement account at stake, there was no relief last week. Investors of all kinds will watch with trepidation as the Wall Street clock ...
The financial crisis: How our mortgages got us into this mess - Santa Cruz SentinelTo get a better understanding of how we arrived in the current economic mess, drive five miles up steep and winding Mount Hamilton Road, hang a right through the iron gate into the Three Springs subdivision, then check out John Gronley's little patch ...
The Mortgage Mess and the Economic Meltdown: What McCain (and the Rest ... - Common DreamsThe nation's escalating economic troubles -- triggered by the growing wave of home foreclosures, declining housing prices,and bank failures -- was entirely preventable. It will take years and trillions of dollars to dig ourselves out of this hole, as ...
Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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