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News about Mortgages:
Short sales huge in San Joaquin County - Stockton RecordShort sales huge in San Joaquin CountyStockton RecordShort sales accounted for 40 percent of all San Joaquin County home sales in February, an indication that the once bemoaned practice has ...
Internal Affairs: San Jose council rolled the dice and lost - San Jose Mercury NewsInternal Affairs: San Jose council rolled the dice and lostSan Jose Mercury NewsThanks to a rainy winter, the feds promised more water will flow from the Sacramento-San Joaquin River Delta, slashing the odds of water restrictions this ...and more »
Central Valley counties are major areas for cheaters targeting lenders - Merced Sun-StarCentral Valley counties are major areas for cheaters targeting lendersMerced Sun-StarThe risk of borrowers ripping off lenders is twice as high in the Northern San Joaquin Valley compared with the national average, according to mortgage ...Report mortgage fraudModesto Beeall 3 news articles »
Flow of S.J. stimulus cash begins to slow - Stockton RecordFlow of S.J. stimulus cash begins to slowStockton RecordSTOCKTON - Last year's stimulus plan has injected roughly $275 million of federal funds into San Joaquin County's economy, ...and more »
Loan Modification Scams - ABC30.comLoan Modification ScamsABC30.comThe 6000 plus Green Credit customers came from sales people, called brokers, all across California; including San Joaquin Real Estate and Financial Services ...
Stanislaus County tops for cheaters targeting lenders - Modesto BeeModesto BeeStanislaus County tops for cheaters targeting lendersModesto BeeThe risk of borrowers ripping off lenders is twice as high in the Northern San Joaquin Valley compared with the national average, according to mortgage ...
Scam warning too late for many - Stockton RecordScam warning too late for manyStockton RecordTinney has filed a complaint in small claims court against Killmar, and he's scheduled to be in San Joaquin County Superior Court on Tuesday. ...
Foreclosures down from year ago, up slightly from previous month - Valley NewsBoston GlobeForeclosures down from year ago, up slightly from previous monthValley News1, while Madera County followed Riverside at No. 3, with San Joaquin County at No. 4, just ahead of San Bernardino County at No. 5, according to data. ...Central Valley dominates foreclosure marketsCentral Valley Business Timesall 776 news articles »
Dam Advocates Make Case for the Virtual River - Natural Resources Defense Council (blog)Dam Advocates Make Case for the Virtual RiverNatural Resources Defense Council (blog)As the article points out, some Central Valley growers are quite enthusiastic about the proposed $3.3 billion Temperance Flat Dam on the San Joaquin River. ...and more »
Fresno Foreclosure Homes up Due to Job Loss and Price Fall - International Business TimesFresno Foreclosure Homes up Due to Job Loss and Price FallInternational Business TimesProspective buyers can quickly search foreclosed homes in the San Joaquin Valley, where Fresno and Merced are located, because both foreclosure and ...

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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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