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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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Mendocino mortgage rates news:
Financial News
Local real estate economy - Ukiah Daily Journal
Worried consumers, investors and home owners are looking at today's economy and pulling back on financial adventures. One of those adventures is real estate, where the risk factor was considered nil just a few years ago. Now, local Realtors are ...

Home sales soar, prices fall - Santa Rosa Press Democrat
Home sales doubled in September as bargain hunters grabbed up Sonoma County homes, putting a dent for the first time in the region’s lower-priced properties, according to a new report. Two out of three homes sold in September were foreclosure ...

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sources: informars.com, erate.com, Freddie Mac
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