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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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Seminole mortgage loan news:
Financial News
Florida Legislature to decide on key business issues - South Florida Business Journal
Development, incentives could suffer in session Lawmakers move to plug $2.3B budget gap Denver's Hard Rock Cafe honored by chain Fla. AG wants illegal gambling to stop FHBA wants loan call moratorium, but banks balk Business groups will be watching ...

Lawmakers move to plug $2.3B budget gap - Orlando Business Journal
Government Operations Appropriations Committee member Rep. Alan Williams, D-Tallahassee, gestures during hearings Dec. 16 on how state agencies would cut their budgets by 10 percent. Also shown center is Committee Chair D. Alan Hays, R-Umatilla ...

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