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Glenbrook owner gets two-week debt extension - FortWayne.com
CHICAGO — General Growth Properties Inc., the owner of Glenbrook Square, has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping-mall owner works to stave off bankruptcy and negotiate longer-term ...

General Growth Properties, owner of The Crossroads in Portage, gets ... - Kalamazoo Gazette
WASHINGTON -- Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions ...

'Black Friday' won't stave off black days ahead: Analysts - Ottawa Sun
WASHINGTON (AP) — U.S. retail shoppers hunting for holiday bargains on ”Black Friday” won’t be enough to stave off what’s likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims ...

Corporate owner of The Crossroads mall in Portage prepares to cut ... - Kalamazoo Gazette
WASHINGTON -- The new managers of troubled mall owner General Growth Properties Inc. sought to reassure investors Wednesday that the company plans to sell off properties and cut costs in an effort to weather the rocky economic climate, weeks after ...

Bronson looks to issue $200M in new bond debt - Kalamazoo Gazette
KALAMAZOO -- After failing to attract investors last month to a $60 million bond offering due to frozen credit markets, Bronson Methodist Hospital will try again next month. The Kalamazoo City Commission last week gave its OK for the downtown ...

Mall owner may file for bankruptcy - Battle Creek Enquirer
General Growth Properties, parent company of Battle Creek's Lakeview Square Mall, might file for bankruptcy as it struggles to refinance debt. Shares of General Growth Properties tumbled 64 percent on Tuesday, after the company announced Monday it ...

No. 2 mall operator warns of bankruptcy - WZZM 13
NEW YORK (CNNMoney.com & WZZM) -- General Growth Properties Inc., the No. 2 mall operator in the United States, has warned that an ongoing slump in retail sales, combined with the credit market lockdown, has pushed the company to the brink of ...

Cuyahoga County land tax delinquencies jump up - Cleveland Plain Dealer Blog
Plain Dealer File Cuyahoga County has 18.700 properties with tax delinquinces. Almost twice the number recorded in 2002. In its annual list of new tax delinquencies, Cuyahoga County on Tuesday published 18,700 properties -- more than any other year ...

203,289 have voted early in Northeast Ohio - Cleveland Plain Dealer Blog
Click here to download this graphic on advance voting for the presidential election (pdf). Already one in 10 registered voters in Northeast Ohio has cast a ballot for president, local candidates and tax issues on Nov. 4 ballots. Numbers supplied by ...

Manitoba Telecom Services Inc. Reports Solid Third Quarter Results - CNW Group
Key overall financial metrics on track for 2008 Stock Symbol: MBT This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Forward-looking Statements ...

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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.

    View all Terms
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