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Lake Zurich to extend its debt payment - Arlington Heights Daily Herald
Acknowledging the village can't afford to pay its debts, Lake Zurich officials Monday night agreed to refinance $16 million in existing loans borrowed for downtown redevelopment. The village has roughly $26 million in outstanding debt but in ...

Mall’s owners may face bankruptcy - Lake Wales News
General Growth Properties Inc., owners of the Eagle Ridge Mall in Lake Wales, saw its stock plummet this week 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 ...

People of modest means hitched hopes on Little Lake Street - San Diego Union-Tribune
It produced easy money for speculators and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. NANCEE E. LEWIS / Union-Tribune Little Lake Street in the Otay Ranch community of Hillsborough is an ...

BSkyB to raise $600 million in bond issue - Buffalo News
Satellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses. BSkyB, whose biggest shareholder is Rupert Murdoch's News Corp., said it will ...

Commentary: Fewer and fewer options as housing crisis deepens - Madera Tribune
A new survey from First American CoreLogic, a real estate data company, has concluded that nearly a quarter of all homes with mortgages are worth less than what is owed on the loans. According to the data, which were first reported in the New York ...

Employee robbed at Citgo on northwest side - Milwaukee Journal Sentinel
The man asked the victim for help with a stalled car, police said. Once the two were outside, the man implied that he had a handgun and robbed the victim. Police did not say how much money was taken. The suspect is described as a black male, 6 feet ...

The Vicious Cycle That's Holding Millions Underwater - Washington Post
A recent survey concluded that almost a quarter of all homes with mortgages are worth less than what is owed on the loans. First American CoreLogic, a real estate data company, found that nearly 10 million homeowners are either at negative equity or ...

Council to vote on sewer rate hike - Havasu News-Herald
Sewer rates would climb at least 32 percent over three years if the Lake Havasu City Council votes for an increase Tuesday. The increase would begin April 1, 2009. Rates would go up again the following two years. The item is on the agenda for public ...

Title companies in Wichita doing what they can to cope with housing ... - Wichita Business Journal
Debbie Schremmer, president of Kansas Secured Title-Sedgwick County, says her company last year trimmed four workers in anticipation of a housing slowdown. Home sales this year are down nearly 15 percent. Wichita title companies are grappling with ...

Liverpool owner pulls Montreal MLS bid - FOXSports.com
LOS ANGELES (AP) - Financial uncertainty has prompted Liverpool owner George Gillett to withdraw his bid for a Montreal team to join Major League Soccer, the league said Friday, boosting the chances of a Miami franchise backed by Barcelona. "They're ...

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Today's Mortgage Terms starting with E

  • Equity: The difference between the current market value of a property and the total debt outstanding against the property.
  • Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.

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