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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. View all Terms

Greene mortgage rates news:

Measure's defeat heavy blow for local businesses - Palm Beach Interactive
The intersection of Wall Street and Main Street may be closer than you think. Connections between high finance and everyday economics aren't always easy to make. Who, for instance, would tie such Wall Street exotica as the London Interbank Offered ...

Default notices continue to pile up - Bend Bulletin
With three months left in the year, Deschutes County is on pace to nearly triple the number of notices of default filed in 2007. Through Sept. 30, the Deschutes County Clerk’s Office recorded 1,308 notices of default, a document which initiates ...

Michigan Votes Down Affirmative Action - Inside Higher Ed
Defenders of affirmative action had been encouraged in the campaign’s closing days by polls suggesting growing skepticism for the ban. But in the end, the ban won support from more than 58 percent of voters, according to unofficial results ...

New York: Children's Product Safety, Recall Effectiveness Act Signed - eMaxHealth.com
Nebraska Must Not Change Child Safe Haven Law Transplant Surgeon Saves Child With $2 Ping Pong Ball US Children Take More Drugs Than Europeans Jump Rope Accident Causes Girl To Lose Hand School Year Brings Increased Risks For Young Children Traveling ...

New Zealand in good shape to weather the storm - National Business Review
Although New Zealand is relatively sheltered from the turmoil on Wall Street the sharemarket still suffered heavy losses today as investors feared further fallout from the collapse of Lehman Brothers. At 4.30pm the NZX 50 Index was down 2.9 per cent ...

Business news briefs - Pittsburgh Post-Gazette
The chief investment officer of Pennsylvania's $33 billion State Employees Retirement System said the fund had negative returns of 2.9 percent in the first six months of the year. That makes it unlikely the fund will achieve its targeted annual ...

US banking bailout in chaos after shock House of Representatives vote - Times Online
The financial system lurched closer to a catastrophic breakdown last night after the US Congress dramatically rejected a bailout plan designed to restore confidence to paralysed banks. Wall Street suffered one of its worst days in history. In 24 ...

Extras help seal real estate deals - Raleigh News & Observer
Builders offer incentives to convert home browsers into buyers The longer Kim Tucker shopped for a home, the sweeter the offers got. Builders were willing to knock anywhere from $3,000 to $5,000 off asking prices. The owner of an existing home ...

Sitting unsold - Raleigh News & Observer
Story Tools Builder Dan Tingen found out firsthand about the national housing slowdown when it took three tries this summer to sell a house in Wake Forest. The first miss came in July, when a couple moving to the area from Atlanta contracted to buy ...

The 2008 Forecast: Cloudy, With Intermittent Sun - Business Monthly
Another new year is upon us and it begins with degrees of apprehension in various quarters. Sales in the residential housing market have slowed to a crawl, credit is tight, and home fuel and gas prices have shot up sharply in the last year, fueling ...