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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

Franklin home equity loans news:

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

New home construction hits a wall - Raleigh News & Observer
Permits for new homes are lowest in a decade; the drop foreshadows job and revenue losses Triangle homebuilders are parking their bulldozers as sales of homes in the region continue to plummet -- a trend that could mean more job losses and tighter ...

History says La. insulated from ills - Alexandria Daily Town Talk
The real estate market is a buyer's market for the first time in six years, helping to keep agents in Central Louisiana busy during otherwise slow economic times. Rod Noles, president of Noles-Frye Reality in Alexandria, said the numbers for the past ...

HAKU MO‘OLELO - Maui News
A few weeks back, a reader apparently disturbed by the collapse of financial markets asked for an explanation of economics. The e-mail was inadvertently deleted, but the request appeared to be misdirected. Economics is a social science that develops ...

Register for FREE - Wall Street Journal
Fret no more. In a year when many people are wondering what happened to the free-market principles of Ayn Rand and her protege, Alan Greenspan, Deal Journal went looking in the other direction. We read through Franklin D. Roosevelt’s fireside chats ...

Beyond the Bailout State - Baltimore Chronicle
If original thinking doesn't find a home somewhere within this forming administration soon, it will be an omen of an even more troubled future to come. O n a December day in 1932, with the country prostrate under the weight of the Great Depression ...

Feedback Blog - Reading Eagle
The FBI's got them. Police have them. The city has one. Now the Reading Parking Authority has one. It's a "most wanted" list - people the authority said have damaged its property or customers' vehicles - with photos taken by the authority's new ...

Coastal Post Online - Coastal Post News
"Thou hast taken usury and increase, and thou hast greedily gained of thy neighbors by extortion, and thou hast forgotten me saith the Lord.-Ezekiel 22:12 (King James Version)" "Let us Prohibit in effective fashion all corporations from making ...

Anatomy of a Breakdown - Reason.com
It was not an absence of federal intervention that produced the Great Financial Panic of 2008. Contrary to the assertions of those clamoring for new regulations (see "Is Deregulation to Blame?," page 36), the liquidity shortage and credit freeze that ...

Saving the Big 3 for You and Me... - Common Dreams
I drive an American car. It's a Chrysler. That's not an endorsement. It's more like a cry for pity. And now for a decades-old story, retold ad infinitum by tens of millions of Americans, a third of whom have had to desert their country to simply find ...