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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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Franklin mortgage quotes news:

August 2008 - Posts - MSNBC Firstread
Ted Stevens , the grand-daddy of Alaskan politics, has a wary relationship with the new Republican VP pick -- Alaska Gov. Sarah Palin . When Palin was running for governor in 2006, she ousted long time Alaska fixture Frank Murkowski in a hard fought ...

Political Insider - Atlanta Journal Constitution
Get the latest news, opinions and blogs on politics and the election from across the state on the Georgia Politics page. Denver — In a rousing morning address to a joint meeting of the Georgia and Alabama delegations, U.S. Rep. John Lewis (D-Ga ...

Obama’s Speech: “Now Is the Time” - The Moderate Voice
McCain’s done a good job of deflecting attention from Obama’s speech by his birthday VP pick . It’s hard to focus on writing about Obama while giggling incredulously. And—though many are puzzled, a few are happy. Indeed, Jonah Goldberg over ...

'Those Are The Facts': Obama Sounds Out New Message, Riffs, Refrains ... - ABC News Blogs
Sounding out themes for his convention speech and teeing off fresh economic news from a U.S. Census Bureau report, Sen. Barack Obama, D-Ill., stood in a Kansas City, Mo., airplane hangar this afternoon to decry how his Republican opponent is deaf to ...

US Protests Shrink While Anti-War Sentiment Grows - Common Dreams
WASHINGTON - Crowds at antiwar rallies in Washington have dwindled even as U.S. opinion has turned against the war in Iraq, as organizers feud and participants question the effectiveness of the street protests. Rival antiwar groups, which in years ...

Why The Right Loves a Disaster - Common Dreams
Moody's, the credit-rating agency, claims the key to solving the United States' economic woes is slashing spending on Social Security. The National Assn. of Manufacturers says the fix is for the federal government to adopt the organization's wish ...

History's Back - Weekly Standard
Here’s what Barack Obama told Time ’s Karen Tumulty and David Von Drehle earlier this week, when asked what we would learn about him from his vice presidential pick: Hopefully, the same thing that my campaign has told the American people about me ...

Wild Card -- Tuesday PM - Spokane Spokesman-Review
It's nice to interact with you folks again after a long weekend off. Gotta play to see tonight, but I look forward to reading your comments before I hit the sack tonight. You know the Wild Card drill by now ... Issue : Washington Post confirms 'Deep ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article Tuesday about Hispanic voters in the Midwest incorrectly identified Phil Walzak. He is a spokesman for Democrat Barack Obama's presidential campaign, not for Republican John McCain's campaign. A quote Tuesday in a Public Investigator ...

Wild Card/Vacation Day 11 of 12 - Spokane Spokesman-Review
Only two more shopping days until I return to the final days of the City Council campaigns. Then, we'll have fun taking apart the campaigns. Any dirt yet? Any mudslinging. You know, the good stuff. Or is everyone behaving? My wife is now looking over ...