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News about Mortgages:
Auctions feature deep discounts, but buyer beware - Pittsburgh Tribune-ReviewAuctions feature deep discounts, but buyer bewarePittsburgh Tribune-Review, PA - Jan 3, 2009By Ron DaParma, TRIBUNE-REVIEW As the mortgage and credit crisis continue, the Pittsburgh region is likely to see more auctions of foreclosured properties ...
Berglund moves Upstate - Northern Colorado Business ReportBerglund moves UpstateNorthern Colorado Business Report, CO - Dec 31, 2008A licensed real estate broker and mortgage broker, he currently serves as the chair of the Larimer County Board of Adjustment and vice chair of the Fort ...
Capmark Arranges $6750000 to Refinance Three Manufactured Home ... - PR Web (press release)Capmark Arranges $6750000 to Refinance Three Manufactured Home ...PR Web (press release), WA - Dec 23, 2008North College Mobile Home Community, refinanced for $3800000, is located on approximately 32.59 acres at 1601 North College Avenue in Fort Collins, Larimer ...
Region a housing hot spot - Pittsburgh Tribune-ReviewRegion a housing hot spotPittsburgh Tribune-Review, PA - Dec 13, 2008The Pittsburgh Urban Redevelopment Authority approved a $2.5 million loan to Bakery Square Holdings LP for the Bakery Square project in the Larimer-East ...
Economic ups, downs in 2008 - The ColoradoanEconomic ups, downs in 2008The Coloradoan, CO - Dec 29, 2008According to the most recent Colorado Division of Housing report, Larimer County's foreclosure sales dropped 19 percent while filings increased 14 percent. ...
Sometimes, price reduction isn't best choice - The ColoradoanSometimes, price reduction isn't best choiceThe Coloradoan, CO - Dec 21, 20081 will be $271050 in Larimer County. You can get a conventional loan with as little as 3 to 5 percent down plus closing costs to a maximum of $417000 with ...
Mother helps to build happy home - The ColoradoanMother helps to build happy homeThe Coloradoan, CO - Dec 21, 2008The new home also is the third home built with help from the Larimer Chapter of Thrivent Financial for Lutherans, which included volunteers from four local ...

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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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