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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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Sevier mortgage loan news:
banking conditions in sevier county - Seymour HeraldWith more than 14 bank failures – so far this year – and more promised - including Wachovia, many voiced their concerns about the state of local banks in Sevier County. According to the FDIC.gov website, the FDIC-insured commercial banks and ...
Disabled Sevierville man may lose home to foreclosure - WATESEVIERVILLE (WATE) -- A Sevierville man's declining health has caused another problem for him, a mortgage crisis. Tony Grindstaff has a fixed rate mortgage and crippling rheumatoid arthritis. The disease strikes more people in the U.S. than any other ...
A Seymour man took his life this morning as sheriff's deputies arrived ... - WVLTCourt records show James R. Newcomb had a judgement against him and eviction papers were being delivered by deputies to his Seymour home. That's when sources tell us newcomb shot and killed himself. No doubt tough economic times are taking their toll ...
Gresham, Smith & Partners add senior staff members - Nashville City PaperGresham, Smith and Partners, a leading national architecture, engineering, planning and interior design firm, announced recently that Michael Abt , P.E., and Ket West , AIA, have joined the firm’s industrial group as senior project managers. Abt ...
Sheriff: Man kills self as officers attempt to serve eviction papers - Knoxville News SentinelA Blount County man is dead this morning from an apparently self-inflicted gunshot wound, fired as officers attempted to serve a writ of possession on his house, Sheriff Jim Berrong said. Berrong said it was not a foreclosure and that the paperwork ...
TVA CEO Tom Kilgore (Photo Courtesy: Tennessee Valley Authority) - WVLTNASHVILLE, Tenn. (AP) -- The Tennessee Valley Authority board has approved increasing the utility chief executive's compensation by nearly a half million dollars, and Congressman Jimmy Duncan, Jr., has sent a letter to the TVA board chairman ...
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