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Action 9 : local family loses home after getting reverse mortgage - WFTV Orlando
WFTV OrlandoAction 9 : local family loses home after getting reverse mortgageWFTV OrlandoA Brevard county man was evicted from the home his family owned for more than 60 years. He blames a reverse mortgage that's sold as a way to protect your home instead it forced his family out. Dwight Seigler and his family rushed to empty the house ...

BDB: MAYDAY MAYDAY Merritt Square, oysters and Wawa - Florida Today
SpaceCoastDaily.comBDB: MAYDAY MAYDAY Merritt Square, oysters and WawaFlorida TodaySomebody. Somewhere. MAYDAY MAYDAY. Merritt Square Mall is coming crashing down and we need back up. The owners of Brevard's oldest mall have defaulted on its mortgage and now the mall will be auctioned off May 25. This is not a drill! (Although ...Central Brevard Shopping Epicentre Merritt Square Mall Slated To Be Auctioned May 25SpaceCoastDaily.comall 2 news articles »

Merritt Square Mall in foreclosure, to be auctioned - Florida Today
Florida TodayMerritt Square Mall in foreclosure, to be auctionedFlorida TodayBrevard County's oldest major mall, Merritt Square, is scheduled to be auctioned May 25 after the owners defaulted on their mortgage payment. Merritt Square opened in 1970 and its roster of stores include traditional retailers such as Dillard's, J.C ...

BDB: Sound the alarm: Wawa is opening.. and other news - Florida Today
Florida TodayBDB: Sound the alarm: Wawa is opening.. and other newsFlorida TodayBrevard's first Wawa opens today at 8 a.m. at the corner of Wickham Road and Pineda Causeway in Palm Shores. A grand opening event will occur at 10 ... Birds would never get approved for a mortgage these days. Duh. In the meantime, let's all watch this ...and more »

Brevard County veteran given mortgage-free home - WFTV Orlando
WFTV OrlandoBrevard County veteran given mortgage-free homeWFTV OrlandoSanta came a little early for a Brevard County veteran thanks to an organization on a mission to provide homes for disabled Floridians. Robert Slezak, who suffers from a brain injury, served his country on the Air Force as a medic for four years ...Veteran gets mortgage-free condoFlorida Todayall 2 news articles »

Sunburn for 5.18.16 – Zika on the brain - Florida Politics (blog)
Florida Politics (blog)Sunburn for 5.18.16 – Zika on the brainFlorida Politics (blog)There are still 116 total cases in Florida; by county (number of cases): Miami Dade (45), Broward (15), Orange (9), Palm Beach (7), Alachua (4), Lee (4), Osceola (4), Hillsborough (3), Polk (3), Brevard (2), Clay (2), Pinellas (2), Seminole (2 ...and more »

Rockledge mom recovering after second lung transplant - Florida Today
Florida TodayRockledge mom recovering after second lung transplantFlorida TodayShe is expected to be hospitalized for the next couple of weeks, then return to Brevard for home health care. With the ... The DeKeysers took out a second mortgage the last time around to help cover expenses but don't have that option this time. "It's ...

Stepped-up efforts help veterans overcome homelessness - Florida Today
Florida TodayStepped-up efforts help veterans overcome homelessnessFlorida TodayThe Marquis and many others in Brevard County in recent months have been the beneficiaries of stepped up federal state and local efforts to end homelessness. Advocates for the homeless say they have seen a marked drop in homelessness through those ...

What do millennials want in real estate? - Florida Today
Florida TodayWhat do millennials want in real estate?Florida TodayAlex Groden doesn't know what all the fuss is about the poor, downtrodden millennials forced to live out their lives in their parents' spare room because school loans have forced them to quash their dream of home ownership. While in college, Groden ...

Florida editorial roundup - Washington Times
Florida editorial roundupWashington TimesJust the possibility of change emboldened the Brevard County Commission to consider removal of some boat speed restrictions in the county's intracoastal waterways favored by manatees. It is an ill-considered move. Even with speed limits in place ...and more »

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Today's Mortgage Terms starting with S

  • Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
  • Sellers Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
  • Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
  • Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.

    View all Terms
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