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Columbia Association board members split on downtown development plan - Howard County TimesHoward County Council members are not the only ones who will have to approve General Growth Properties’ plan to redevelop downtown Columbia in the coming months. Because it owns several parcels of land in downtown, including Symphony Woods, the ...
Owner Of Four Seasons Could Declare Bankruptcy - WXII 12GREENSBORO -- The parent company of Four Seasons Town Centre in Greensboro is considering selling some of its assets and declaring bankruptcy. Shares of stock in General Growth Properties, of Chicago, dropped 70 percent Tuesday after company leaders ...
Some N.C. malls may be in trouble - News 14GREENSBORO -- Published reports say the company that owns several malls in North Carolina may file for bankruptcy. Four Seasons Mall in Greensboro is owned by Chicago-based General Growth Properties. A federal filing indicates that the company may ...
CBL & Associates Properties, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.comGood day and welcome to the CBL & Associates Properties, Inc. conference call. (Operator Instructions) At this time for opening remarks, I would like to turn the conference over to John Foy, Chief Financial Officer. Please go ahead, sir. This ...
Four Seasons Town Centre's owner warns of bankruptcy - Greensboro News & RecordGeneral Growth Properties, the owner of Greensboro's Four Seasons Town Centre and the nation's second largest mall owner, warned in a federal filing that bankruptcy is a possibility if it isn't able to extend or refinance hundreds of millions in debt ...
Obama Outraised Clinton By Two To One In March - US News and World ReportThe AP reports this morning that Sen. Barack Obama "raked in" $40 million last month leaving Sen. Hillary Clinton "and her $20 million in the fundraising dust and stuffing his campaign treasury so he can outspend her in the crucial Pennsylvania ...
Meltdown of economy detailed in local reports - Portland Business JournalEconomic wreckage is spread across the country, in virtually every sector, starting with housing, with one in every 452 U.S. housing units receiving a foreclosure notice in October. The Federal Reserve Bank of Atlanta's vice president delivered grim ...
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.
View all Terms