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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

Bear Lake mortgage loan news:

Great Wolf remains in talks on Ohio resort - Milwaukee Business Journal
Indoor water park resort owner Great Wolf Resorts Inc. said Friday that it has negotiated an additional extension of the maturity date to Jan. 23 on its $76.8 million nonrecourse mortgage loan on its Mason, Ohio, resort property. During the extension ...

Stock markets slump following steep job losses in December - 680 News
TORONTO - Financial and energy stocks led a negative session on the Toronto stock market mid-afternoon as the rising tide of unemployment claimed another half a million jobs last month. Toronto's S&P/TSX composite index was off earlier lows as losses ...

January 2009 (31) - US News and World Report
Through 5 January 2009, seismic activity has markedly decreased. It is possible that the swarm has ended, though a return of activity may occur as Yellowstone swarms of the size usually last for tens of days to many weeks. About 500 earthquakes ...

Deflation virus is moving the policy test beyond the 1930s extremes - Daily Telegraph
We are beyond the extremes of the 1930s. The frontiers of monetary policy are being pushed to limits that may now test viability of paper currencies and modern central banking. You cannot drop below zero. So what next if the credit markets refuse to ...

After the free-market binge, sobered Pacific Northwest citizens are ... - Seattle Times
"It's tough to make predictions," observed Yogi Berra, "particularly about the future." How many people thought, two years ago, that a half-black freshman senator with the crippling political name of Barack Hussein Obama had a realistic shot at the ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Rohm & Haas shareholders: They easily rank as the biggest winners this week. Amid all the dismal news, Dow Chemical offered up this gift to ...

CapeCodToday Blog Chowder - Cape Cod Today
Chef John is all you say and then some.. having shared the kitchen with him for the last 2 1/2 years, and guesting on his show.. He'll be the 1st to admit he's a salesman 1st, an actor 2nd, portraying as a Chef 3rd! He's hilarious, self deprecating ...