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News about Mortgages:
Money 911: Your recession, credit woes - MSNBCMSNBCMoney 911: Your recession, credit woesMSNBC - 9 hours ago—David, Naples, FL A: Unfortunately you are not the first person to register this complaint — and you won't be the last. Banks and other lenders are not ...
Naples fire department chief Jim McEvoy plays in an Irish band ... - Naples Daily NewsNaples fire department chief Jim McEvoy plays in an Irish band ...Naples Daily News, FL - Nov 30, 2008“I wouldn’t want to have to make my mortgage payments playing music,” McEvoy said. “Especially Irish music.” This site does not necessarily agree with ...
'Foreclosure Holiday' Helps Struggling Homeowners - First Coast News'Foreclosure Holiday' Helps Struggling HomeownersFirst Coast News, FL - Dec 2, 2008The Jacksonville native and a friend bought two investment properties in Naples. They got an adjustable-rate mortgage and started their careers in the real ...
Collier foreclosures lowest for year last month - Naples Daily NewsCollier foreclosures lowest for year last monthNaples Daily News, FL - Dec 2, 2008It keeps the inventory lower,” said Phil Wood, president and CEO of John R. Wood Realtors Inc. in Naples. November saw the lowest number of new filings of ...
Briefs: Real estate school established in Southwest Florida - The News-PressBriefs: Real estate school established in Southwest FloridaThe News-Press, FL - Nov 29, 2008The Naples Area Board of Realtors presented the YMCA of the Palms with money raised at its annual charity golf tournament NABOR Golf Committee Chair Rick ...
Publix on Davis Boulevard to offer Christmas carols on Dec. 8 - Naples Daily NewsPublix on Davis Boulevard to offer Christmas carols on Dec. 8Naples Daily News, FL - Dec 1, 2008She will be joined by volunteer bell ringers from Naples Classic Mortgage, 2340 Stanford Court, a firm specializing in reverse mortgages for senior ...
Southwest Florida won't see usual seasonal hiring boom, merchants say - Naples Daily NewsSouthwest Florida won't see usual seasonal hiring boom, merchants sayNaples Daily News, FL - Nov 15, 2008... president and chief executive officer of Corporate Dimensions, a high-level job placement firm based in Naples. “But they can’t find work as a mortgage ...
Collier’s new representative getting a jump-start on legislation - Naples Daily NewsCollier’s new representative getting a jump-start on legislationNaples Daily News, FL - Nov 13, 2008By IM STACKEL (Contact) NAPLES — Southwest Floridians who are worried about the possible leasing of Alligator Alley and the high rate of home foreclosures ...
Foreclosures down in Lee - Naples Daily NewsForeclosures down in LeeNaples Daily News, FL - Dec 1, 2008By Naples Daily News staff report There were 1681 filings by mortgage lenders, according to a report by the Southwest Florida Real Estate Investors ...
Affordable housing project on hold - Naples Daily NewsAffordable housing project on holdNaples Daily News, FL - Nov 21, 2008By LAURA LAYDEN (Contact) NAPLES — A credit crunch has hit a public-private partnership looking to build an affordable work-force housing project in eastern ...
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.
Buyers 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