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Wintrust Financial Corporation Hires Bank President - SYS-CON MediaWintrust Financial Corporation Hires Bank PresidentSYS-CON Media, NJ - Oct 30, 2008The banks also operate facilities in Illinois in Algonquin , Bloomingdale , Buffalo Grove , Cary , Chicago , Clarendon Hills , Darien , Deerfield , Downers ...
REAL ESTATE NEWS - Charleston Post CourierREAL ESTATE NEWSCharleston Post Courier, SC - Nov 8, 2008The events are today at 10 am at Drakesborough, and at 1 pm at Moss Grove Plantation, and Thursday at 6:30 pm at Bolton’s Landing. ...
American Land Lease Announces Third Quarter 2008 Results - MarketWatchAmerican Land Lease Announces Third Quarter 2008 ResultsMarketWatch - Nov 12, 2008Essentially, NOI is the net cash generated before mortgage payments and taxes. NET ASSET VALUE: As defined by NAREIT, the net "market value" of all of a ...
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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