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News about Mortgages:
New York's Ten Worst Landlords, Part 1 - Village VoiceNew York's Ten Worst Landlords, Part 1Village VoiceA rabbi and developer in Williamsburg's Satmar community, Indig is a board member of the powerful social services organization UJCare, is a strong Bloomberg ...
Commentary: Forced March To The Cities - PublicCEO.com (blog)Commentary: Forced March To The CitiesPublicCEO.com (blog)Meanwhile in New York half-completed structures dot Brooklyn's once-thriving Williamsburg neighborhood, while the massive Stuyvesant Town apartment complex ...
Planning Commission Gives OK To Williamsburg Towers - Yeshiva World NewsPlanning Commission Gives OK To Williamsburg TowersYeshiva World NewsSeparately, Isack Rosenberg is also behind troubled Williamsburg project Warehouse 11. He defaulted on the $50 million mortgage and the new condo ...and more »
Courthouse Notes - Northern Virginia DailyCourthouse NotesNorthern Virginia DailyRichard Bill to Michael V. Rile, Williamsburg, Section 6, Lot 10, $145000. BK Haynes Corp. to Karen D. Langdon, Greatland Farm, Lake Section, Lot 9, $75000. ...
Newport News officials ask for Chinese drywall help - istockAnalyst.com (press release)Newport News officials ask for Chinese drywall helpistockAnalyst.com (press release)Thirty-nine homeowners in Hollymeade subdivision in Newport News, as well as homes in Williamsburg, York County and South Hampton Roads have been affected. ...and more »
Welcome to Water World - Water WorldWelcome to Water WorldWater WorldThese lenders have financed projects that require a significant amount of environmental remediation in industrial neighborhoods like Williamsburg and Long ...and more »
In foreclosure crisis lies opportunity - Cincinnati.comIn foreclosure crisis lies opportunityCincinnati.comHigh-profile local properties like Northgate Mall, Kenwood Towne Place, Hyatt Regency Cincinnati, Bridgewater Falls and the Williamsburg of Cincinnati ...and more »

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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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