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Today's Mortgage Terms starting with N

Notice of Default:

A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.

Non-Assumption Clause:

A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.

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Ben Hill mortgage loans news:
Financial News
Trade Groups Seek Forgiven-Debt Tax Break Given to Homeowners - Bloomberg
Jan. 7 (Bloomberg) -- Commercial real estate companies, the U.S. Chamber of Commerce and companies partly owned by private- equity firms are pushing Congress for a temporary tax break on forgiven debt similar to relief given in 2007 to homeowners ...

Matter of Record, January 5 - Wichita Falls Times Record News
State Farm Mutual Automobile Insurance Co. vs. Joshua Eric Melton, 4118 Palomino, $4,616.49, V3317 P802. County of Williamson vs. Travis A. Holland, et al, 1419 N. 7th, $2,025.29, V3318 P20. Gant, Kenneth Adrian, Wichita County, Chapter 7, Date Filed ...

A bear saw around the corner - International Herald Tribune
The long economic boom passed many people by, but the bust has nailed nearly everyone. The carnage has also made a clairvoyant of James Grant, the founder of Grant's Interest Rate Observer and a perennial market bear. In "Mr. Market Miscalculates ...

Economic outlook for North Texas in 2009 is better than most - Fort Worth Star-Telegram
North Texas begins to feel the recession, but the region is likely to fare better than most other areas of the U.S. The 2009 economy might not offer much to look forward to, but North Texas residents should at least appreciate where they live. "Texas ...

The Note - ABC News Blogs
ABC News' Karen Travers Reports: Entertainer Al Franken may be getting closer to one of the most hotly contested Senate seats in the U.S. The Democrat gained a 50 vote lead over Republican Sen. Norm Coleman in Minnesota's Senate race after the state ...

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