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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.

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Jefferson mortgage loans news:

Top Dollar Payout Offered For Loan Modification Leads - WebWire
Jefferson Financial Consortium offers top industry payout for qualified mortgage leads. Brokers who are sitting on idle leads or have clients who are unable to re-finance can work together with JFC to help the client resolve their financial troubles ...

Net Branch Opportunities Emerge in Booming Loan Modification Industry - PR Inside
2009-01-06 19:16:47 - Mortgage brokers and real estate agents salvage their career and their clients' homes by working with the most powerful business in the loan modification industry. Since the downfall of the housing economy, loan modifications ...

Home sales off 30 percent since '06 - Fort Morgan Times
Home sales have fallen by 30 percent over the past two years, but there is hope for those who are trying to sell. Although it can be more difficult today for buyers to get mortgage loans, they are out there for people who have good credit ratings and ...

Mortgage crisis here may be worse than reported - Buffalo News
Dorothy Gary never lost her home, but the senior citizen’s oversized 24 percent mortgage rate brought her awfully, awfully close. Gary got help, but only after learning that seven years of uninterrupted monthly payments had barely made a dent in ...

Woman who stole from sports league sentenced - KUSA-TV
LITTLETON - An office manager has been sentenced to jail time for forging stealing more than $100,000 from a local sports league. The Jefferson County District Attorney's Office says on Thursday, a judge sentenced Carrie Smith, 45, to four years ...

County home values remaining steady - Times-Leader
STEUBENVILLE - House values are remaining constant in Jefferson County, regardless of the news elsewhere where values are slipping. Lewis "Dobie" Piergallini, Jefferson County chief deputy auditor in the real estate division, said many people are ...

The Tax Man - Midland Daily News
City Assessor Reid Duford knows all about the roller coaster ride that's been Midland's property tax story over the past few years. He should. He's been in the front car. "I agree (with the forecast) that there will be a downward trend in property ...

Number of properties, quality of homes on auction block jump - Chicago Tribune
The sterile lobby of the DuPage County Jail seemed an unlikely setting to decide the future of the attractive four-bedroom home on Bloomingdale's Jefferson Lane. But that's where the paperwork on the house was on a Tuesday morning last month, sitting ...

The Note - ABC News Blogs
You don't need a light-bulb moment for this one: Now that the national-security team is in place, it's all about the economy again for President-elect Barack Obama. And, oh yeah -- he's pretty much the president now, by the way. Partly it's the ...

Democrats' Factions Could Stall Grand Plans - Wall Street Journal
WASHINGTON -- The new Congress sweeps into town Tuesday with many members comparing themselves to the 1933 Congress that enacted much of President Franklin Roosevelt's New Deal and changed the government's relationship to its citizenry. Reuters Sen ...