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When couples split, the home is a hot potato - Miami Herald
''When people are stuck in a house, so much gets put on hold,'' said Robin, the Boca Raton mediator. ``They are living in limbo. They are not really free to date other people.'' Fed up with the unexpected company, the wife finally agreed to sign over ...

When couples split, no one wants the house - Palm Beach Post
During the real-estate boom, couples who divorced would fight over who got the house, betting that the winner could get rich from rapidly escalating prices. Spouses plunked down thousands to buy out their partner. Disposing of the ''marital asset ...

AngloGold Gets $1 Billion Loan, Posts Biggest Gain (Update4) - Bloomberg
Nov. 21 (Bloomberg) -- AngloGold Ashanti Ltd., Africa's largest gold producer, agreed a $1 billion loan from Standard Chartered Plc to refinance a convertible bond and give the company time to seek cheaper funding. Its shares posted their biggest ...

Crown asks Hampshire for bond help - Courier News
HAMPSHIRE -- With only one of what is hoped to become 2,820 homes sold, Crown Community Development has asked the village essentially to refinance $10 million of the money it and its future home buyers have borrowed to pay for roads and utilities in ...

Gen-Probe, KeyCorp, Microsoft, Sprint, TiVo: U.S. Equity Movers - Bloomberg
Nov. 21 (Bloomberg) -- The following companies are having unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 11:50 a.m. in New York. Metal producers advanced as gold headed for the biggest weekly gain ...

AMD, Evergreen Solar, Google, PMC-Sierra: U.S. Equity Movers - Bloomberg
Oct. 17 (Bloomberg) -- The following companies are having unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 9:40 a.m. in New York. Gold producers retreated as the price of gold slid and headed for ...

South African Stocks: Argent, Merafe, Sasol, Standard, Telkom - Bloomberg
Nov. 10 (Bloomberg) -- South Africa's FTSE/JSE Africa All Share Index rose for the first time in four days, adding 1,022.27, or 5.1 percent, to 21,052.75. The following were among the most active stocks in the South African market today. African ...

Owner's money woes slow mall work - Coloradoan
Saddled with mounting debt, General Growth Properties' stock has lost nearly 91 percent of its value in the past year - about 40 percent this week - amid worries the country's No. 2 mall developer would be unable to refinance $1.2 billion in debt ...

Reality Catches Up to the Free Market - Common Dreams
Karl Marx, were he still about, would surely be interested in the report that unregulated free-market capitalism has died in a flash, by its own hand; whereas it took 70 years and a Cold War to bring down the Marxist economy established in the Soviet ...

Surviving the downturn - World Link
Salvation Army social worker Nancy Barnes says the number of vouchers given out for food and clothing has increased recently. The number of people seeking help increased to the point that the food bank had to close temporarily. World Photo by Lou ...

Today's Mortgage Terms starting with S

Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.

Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.

Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.

Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.

View all Terms

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