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News about Mortgages:
Owner of 7 malls in Washington faces possible bankruptcy - Seattle Post IntelligencerA Chicago company that owns seven mall properties in Washington state faces financial trouble and possibly bankruptcy, but its shopping centers will continue to operate as usual. General Growth Properties Inc. operates Westlake Center in downtown ...
Bookmakers put on spurt as Greeks make challenge - Times OnlineLadbrokes and William Hill, Britain’s biggest bookies, both jumped against a falling market on talk that Opap, the partly state-owned Greek gaming company, was about to move in on their turf with a bid. Opap, the largest gaming company in Europe ...
Viewer Stories: Living Paycheck To Paycheck - WSB-TV AtlantaThe economy has caused my employer to cut me to a 3/4 worker, cutting my wages but still putting me above the line to qualify for underemployment. I've spent months searching for a new job without luck. I refuse to look beyond the tri-city area ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Labour trying to undermine rival HBOS bids–Salmond - ScotsmanALEX Salmond increased the pressure on the UK government over the HBOS takeover yesterday, accusing Labour politicians of "leaking and briefing" in an attempt to undermine rivals to the Lloyds TSB bid. He also accused Gordon Brown, the Prime Minister ...
2008 (2665) - Dakota Voiceâ–º January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...
Taqa's Profit Surges, Targets AIM-Listed Companies (Update2) - BloombergOct. 30 (Bloomberg) -- Abu Dhabi National Energy Co. , whose quarterly profit surged more than fivefold after the sale of a power asset, may buy oil companies listed on London's Alternative Investment Market that operate in the North Sea as they ...
Alex Salmond's HBOS claims disputed by Chancellor and business leaders - Daily TelegraphAlistair Darling ridiculed Mr Salmond's insistence that the bank was in rude financial health until 'spivs and speculators' plotted to bring it down at the beginning of last week, precipitating its takeover by Lloyds TSB. The First Minister's claim ...
Petrol companies told to cut prices at pumps - Times OnlinePetrol and energy suppliers came under fire from ministers yesterday in an attempt to shame them into cutting pump prices and household bills. Emboldened by international praise for tackling the banking crisis, Gordon Brown accused petrol retailers ...
Government subsidy signals smoother ride for FirstGroup - HeraldFirstgroup shares gained yesterday after a difficult few weeks as the company sought to convince investors that any pressure on UK rail revenues would be offset by government subsidies and long-term contracts for its US buses. The Aberdeen-based ...
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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