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City sues to test land at center of condemnation dispute - Milwaukee Journal SentinelNov. 7, 2008 | The City of Milwaukee has filed a lawsuit seeking permission to do environmental testing on land owned by Bee Bus Lines Inc. in the 4300 block of N. 35th St., the city's latest step in acquiring the property so it can be resold to an ...
Suspect sought in shooting - Milwaukee Journal SentinelNov. 7, 2008 | Milwaukee police continue to seek a shooter who left a 19-year-old man in critical condition during an altercation that might have been drug-related last night. Investigators said that the victim remains hospitalized after being shot ...
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.
View all Terms