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Glimcher Sells Great Mall in Olathe for $20.5M - CoStar GroupGlimcher Sells Great Mall in Olathe for $20.5MCoStar Group, MD - Jan 8, 2009... is the managing partner of Great Olathe Center. Glimcher plans to use the proceeds of the sale to repay the $30 million mortgage on the property. ...Glimcher sells Kansas mall for $20.5M MSNBCGreat Mall of the Great Plains sells for $20.5 million Bizjournals.comGlimcher Announces the Sale of The Great Mall of the Great Plains ... PR Newswire (press release)Bizjournals.com
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Key Events and Predictions of the Old and New Year - istockAnalyst.com (press release)Key Events and Predictions of the Old and New YearistockAnalyst.com (press release), OR - Dec 30, 2008It is anticipated that the average appraised value in Olathe will decrease 3 to 5 percent in 2009. Due to the collapse of the commercial mortgage market, ...
Commercial property loans signal deepening stress - ReutersCommercial property loans signal deepening stressReuters - Jan 6, 2009N on Tuesday said it sold its Olathe, Kansas-based Great Mall for $20.5 million and repaid a $30 million mortgage that was to mature on January 12. ...
The KPERS portfolio: underfunded and underperforming - Kansas LibertyThe KPERS portfolio: underfunded and underperformingKansas Liberty, KS - Jan 2, 2009Robert Olson, an Olathe Republican and the new vice-chair of the Joint Committee on Pensions, Investments and Benefits - the committee that helps determine ...
Banks among local stocks delivering profitable 2008 returns - Kansas City StarBanks among local stocks delivering profitable 2008 returnsKansas City Star, MO - Jan 1, 2009Garmin Ltd., the Olathe-based maker of personal navigation devices, had been a local darling in recent years. Its stock jumped 68 percent in 2006 and topped ...
Owners of Asian Massage Parlors Plead Guilty - AsianWeekOwners of Asian Massage Parlors Plead GuiltyAsianWeek, CA - Dec 22, 2008She was the co-owner and operator of Asian Massage Health Center in Olathe, Kan., and the owner and operator of Oriental Massage in Mission, Kan. ...
What stories came out on top in 2008? - Buffalo NewsWhat stories came out on top in 2008?Buffalo News, United States - Jan 1, 2009But just ask anyone who has checked their 401(k) statement lately or tried to get a mortgage: It’s still tough out there. • 4. ...
AP Top Missouri News at 3:58 am CST - Hays Daily NewsAP Top Missouri News at 3:58 am CSTHays Daily News, KS - Dec 18, 2008OLATHE, Kan. (AP) -- Former Attorney General Paul Morrison won't face criminal charges for his actions during an extramarital affair that forced him out of ...
Today's Mortgage Terms starting with C
Cash To Close: Liquid assets that are available on hand for payment of closing costs involved in the processing of a mortgage transaction.
Closing: The completion of a real estate transaction. The closing includes the delivery of a deed, financial adjustments, signing of notes and disbursement of funds required to finalize the sale and loan transaction.
Closing Costs: Fees generally paid by the borrower in relation to the closing of a mortgage loan.
Collateral: Property pledged as security for a debt.
Conforming Loan: Conventional refinance mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). These agencies generally buys first mortgages up to loan amounts approved by Congressional directive.
Conventional Loan: Loans that are not part of any government housing program, free of any restrictions of government insured housing programs, such as loan size limits.
Conversion Clause: A feature in certain ARMs that gives you the option to convert the variable rate loan to a fixed-rate loan, usually after the first adjustment period. The new fixed rate will be set at current rates and there could be a fee for the conversion feature.
Convertible ARM: A type of ARM loan that can be converted to a fixed-rate loan after a certain time period.
Covenant: A clause in a contract that obligates or restricts the parties and if broken, can result in a legal action.
Credit Bureau: It is a clearinghouse for credit history information.
Credit Report: A report containing a detailed credit history of an individual.
View all Terms