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Business Briefs - Charleston Post & CourierSix Tables in Mount Pleasant was one of two South Carolina restaurants to earn AAA's Four Diamond rating for the first time, it was announced Monday. More than 1,800 hotels and restaurants in North America share the distinction. The other first-time ...
Mayfair Mall owner is deep in debt, may face bankruptcy - Milwaukee Journal SentinelNov. 11, 2008 | General Growth Properties Inc. shares plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. The ...
Firstwatch: What's ahead in the news today - Milwaukee Journal SentinelThere was the thrill of selection, the agony of its top snapping off after it was cut down, the humiliation of it being joked about on cable news. Today the 45-foot Colorado blue spruce will finally get to serve its purpose. Milwaukee County ...
Can Darling kickstart lending? - bbcIt's clear from comments posted on my blog that there's a widespread misunderstanding about what the massive taxpayer bailout of our banks was designed to achieve or could achieve. The primary motive of the £400bn of additional taxpayer support ...
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 ...
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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