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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Cass mortgage quotes news:

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First of all, don't forget the late rumors from yesterday! We had that massive Jeezy concert fight! A bad Lil' Kim rumor! You DO know a new war of words is heating up with Jay-Z and Jaz-O, right? OHHH...yeah...click to see them. I want to thank ...

TARP, Baby! Explaining Paulson's plan better than Paulson. - Slate
If Nancy Pelosi had wanted to screw Sen. McCain, could she have done a better job? Just asking! ... 8:19 P.M. Mo' Rezko: He "has been quietly visiting Chicago's federal courthouse, setting off" ... you know. ... speculation ! ... [ Do you really ...

Anti-Obama Boomerang? Why more votes for McCain might mean more Dems ... - Slate
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Evil is Nichols; playing homeless - Atlanta Journal Constitution
– I’ve walked the corridors of death row in Florida and Georgia. I’ve seen evil. It’s Brian Nichols. – Kennesaw State College of Humanities and Social Service students play “homeless” for a week. They sleep outdoors on campus “to ...

McCain slams Obama on 'redistribution of wealth' - Boston Globe
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It’s truly vital that we keep Chambliss - Atlanta Journal Constitution
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How will the Chancellor repay debt? - bbc
The Chancellor has said that he needs the flexibility in the looming recession to spend and borrow more than would be possible if he adhered to the fiscal rules. These are the strictures on how much the Government can borrow that were introduced in ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. Friday afternoon in Kettering, Ohio, Sen. Joe Biden, D-Del., took ...

The World Breathes a Sigh of Relief as America's Light Goes Back On - OpEdNews.com
I couldn't believe how many people told me I wasn't the only one waking up in the middle of the night last night, unable to sleep. It's not that big a stretch to speculate that all over the world, billions of people who were walking on eggshells ...

October 2008 - Kansas City Star Blogs
According to Republican Party statements. Barack Obama has not been “tested.” I am having difficulty understanding what test John McCain has passed that Sen. Obama has not passed. Was it the financial crisis this past month, where Sen. Obama ...