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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
Fremont mortgage loan news:
Financial News
Lender repossesses 140 units in WPB Whitney - Birmingham Business Journal
Having sold just one-third of its condos since it started closings in 2007, the developer of the Whitney in West Palm Beach has turned over its remaining units to New York-based lender iStar Financial . It marks the first downtown West Palm Beach ...

Foreclosure sought against Paramount Beach condo site - South Florida Business Journal
The beachfront site planned for the Paramount Beach condo in Sunny Isles Beach could become a tropical repossession for iStar FM Loans, which filed a foreclosure lawsuit against the developer a few days before Christmas. The site plan called for a 47 ...

O’Brien looks back and smiles - Worcester Telegram & Gazette
WORCESTER — While some folks may be struggling to stick to their New Year’s resolutions, City Manager Michael V. O’Brien is very well on his way to accomplishing his goals. That’s because at the conclusion of the 2008 fiscal year in June, Mr ...

'Sin City' feeling downturn - Pottstown Mercury
No comments posted. Lavana Jackson, 52, a souvenir shop manager, waits for the traffic signal while walking to a bus stop to catch a bus home in Las Vegas. **ADVANCE FOR WEEKEND, JAN. 2-4** Elvis impersonator Jesse Grice walks down the Fremont Street ...

Partnership mortgages - Worcester Telegram & Gazette
WORCESTER — Living in a small apartment in Clinton with a baby on the way, Arlin N. and Abel N. Herrera knew they wanted to move soon. The couple had thought about buying a home, but assumed it would be years away while they saved their money. But ...

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