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Today's Mortgage Terms starting with S

Second Mortgage:

An additional mortgage that has rights that are secondary to the first mortgage.

Seller’s Market:

Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.

Settlement Costs:

Money paid by the borrowers and sellers to complete the closing of a mortgage.

Settlement Cost (HUD Guide):

HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.

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Sac mortgage loan news:
Financial News
Dozens vying for Algonac city manager - Port Huron Times-Herald
More than 30 people have applied to be Algonac's next city manager, and the interim manager isn't one of them. Joseph Sobota, who is the city's treasurer and clerk and has served as manager since Chris Wilson left for another job Aug. 1, said he didn ...

Squalor, crime follow wave of foreclosures - MSNBC
See today's average mortgage rates across the country. Eighty-five bungalows dot the cul-de-sac that joins West Ontario Avenue and East Ontario Avenue in Atlanta. Twenty-two are vacant, victims of mortgage fraud and foreclosure. Now house fires ...

Home sweet affordable home - Newsday
Affordable option. Laura Cirella and fiance Tommy Graham in the kitchen of her mobile home. The mobile home located at 4 Dove Lane in the Bay Shore Mobile Home Park on Sunrise Highway, is for sale for $30,000. ( Newsday / Robert Mecea ) What if for ...

Mortgage defaults force Denver exodus - KUSA-TV
DENVER - Foreclosures are ripping through the rows of new homes in the flatlands where Denver turns to prairie. Every week, 10 more families there need to find someplace else to live. Six months behind on their mortgage, Dave Evans and his wife ...

MI Developments announces fourth quarter and 2007 results - CNW Group
AURORA, ON, March 5 /CNW/ - MI Developments Inc. (TSX: MIM.A, MIM.B; NYSE: MIM) ("MID" or the "Company") today announced its results for the three months and year ended December 31, 2007. All figures are in U.S. dollars ...

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