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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Cobb mortgage rates news:

Study: Poor neighborhoods face unfair property taxes - Atlanta Journal Constitution
Residents of high-foreclosure neighborhoods are suffering additional pain from property taxes that are too high, according to a new report from a housing advocacy group. The Atlanta Neighborhood Development Partnership says the tax burden will hamper ...

A Wild Time To Buy A Home, But Some Are Answering The Call - Investors Business Daily
Housing could be in for more bruising despite rescue efforts, as bank balance sheets teeter, and if world financial and economic fears are realized. The risks include further falls in home prices and the prospect of more Americans facing foreclosure ...

Latest On Hedge Funds, Banks And Bailouts [Housing Tracker] - Seekingalpha.com
“What the Fed said was that it wasn’t just opening the window. It is taking out the window sill and chipping out the bricks around it.” - Daniel Alpert, managing partner at Westwood Capital, on the $900 billion the Fed made available to banks ...

Home Depot CEO says Fannie, Freddie bailout needed - Reuters UK
ATLANTA (Reuters) - Home Depot Inc (HD.N: Quote , Profile , Research ) Chief Executive Frank Blake said on Monday a U.S. government bailout of Fannie Mae (FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ) was ...

Atlanta area to get $70 million for foreclosure problems - Atlanta Journal Constitution
About $70 million in emergency federal aid is being made available to metro Atlanta cities and counties to tackle the region’s foreclosure crisis, the U.S. Department of Housing and Urban Development announced Friday. The money, part of a $4 ...

The left is in a quandary over Palin - Atlanta Journal Constitution
That’s the quandary of the left, of the campaign Democrats and the bloggers and other commentators who camp with them. She sailed through the first two tests — her introduction to the nation as John McCain’s running mate and her acceptance ...

Tennessee in top 10 for immigration proposals - Chattanooga Times Free Press
Tennessee is one of the top 10 states in introducing immigration-related bills in 2007, an online database of the 50 state legislatures shows. “Despite various times in history where states have tried or regulated immigrants in their jurisdiction ...

Talking America - bbc
Wall Street might be reeling from Congress's vote to reject the US government's $700bn financial rescue plan. But I was more interested in what Main Street thought. To be specific, Main Street, Memphis, Tennessee. I could see that this stretch of ...

Radio & TV Talk - AccessAtlanta
All the entries posted in October. Tom Joyner’s annual Sky Show comes to the Atlanta Civic Center this Friday with Cameo (“Word Up”) and comic Sinbad. It’s free and seating is open, first come first serve. Some folks will camp out overnight ...

Coming Soon: SR to Release E-mail Exchanges ... (Not so fast...) - Spokane Spokesman-Review
Of the 50 messages, a few have explicit photos embedded in the message. We can't publish those photos (one shows a toddler's penis). We also have a strong ethical policy against blurring or otherwise manipulating photos. Some of the messages are ...