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News about Mortgages:
Signs aren't good for pulp mill - Eureka Times-StandardThe possibility that Evergreen Pulp will reopen in the next several months -- at least under its current ownership -- appears to be dimming. A skeleton crew of eight union workers walked away from the mill after Evergreen didn't pay them for two ...
State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-ReviewIn a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...
Water district mulls mill closure - Eureka Times-StandardThe Humboldt Bay Municipal Water District is forming a plan in case the Evergreen Pulp mill defaults on its next payment -- and it's also considering ways to cope with a worst-case permanent closure of the Samoa facility. The mill pays a huge share ...
Mortgage fraud trial starts today in Akron - Akron Beacon JournalIt will be sister against brother in the first phase of the Summit County trial of former Evergreen Corp. President David B. Willan. Jury selection begins today in Common Pleas Court before retired Judge James E. Murphy, who is handling the case by ...
Adult children moving back home with parents - Los Angeles TimesDonald Garcia, 35, and his wife, Augustine, were living in a Burbank apartment when Augustine's mother approached them for help. She had refinanced her three-bedroom Tujunga home a year and a half earlier with an interest-only loan, and what had been ...
2008 Election - OregonianDiane McKeel will take a seat on the Multnomah County Board of Commissioners in January, after a narrow come-from-behind victory. McKeel, the executive director of the West Columbia Gorge Chamber of Commerce, said she will spend the next two months ...
Business Digest - Providence JournalBoston-based Fidelity Investments, one of the biggest employers in Rhode Island with more than 2,400 workers in Smithfield, confirmed yesterday that it will eliminate about 1,700 jobs in the first three months of next year, adding to previously ...
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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