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City council quickly OKs budget, park plan funds - Antigo Daily JournalThe Antigo Common Council roared through its agenda Wednesday, quickly wrapping up work on a 2009 budget and a $3.4 million levy and advancing plans for improvements to the city’s newest playground and park. Mayor Sam Hardin presided, assisted by ...
Council to eye park projects and budget - Antigo Daily JournalThe Antigo Common Council may move forward with improvements to the park land surrounding the new community playground when it convenes Wednesday. The regular monthly session, which will also include ratifying the budget that was the focus of a ...
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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