Types Of Bankruptcy

Purchases & Leases  Custom Aquatics Inc. bought a 12,015-square-foot industrial building at 3915 Oceanic Drive in Oceanside for $1.9 million from Oceanic Enterprises Joint Venture.read more...


In North Port, they say 'what bubble?'  Despite signs Florida's sizzling housing market could be cooling, builders and developers in North Port are moving full speed ahead with the construction of thousands of new homes, some priced


GMAC Reports Fourth-Quarter Loss at ResCap Mortgage Unit (Bloomberg.com)  March 13 (Bloomberg) -- GMAC LLC, the auto lender owned by Cerberus Capital Management LP and General Motors Corp., reported a fourth-quarter loss at its mortgage unit after setting aside


Buyers Could Gain an Edge In New York's Nassau County  Bargains have been scarce in this Long Island community but as more homes enter the market, lower housing prices could be on the horizon.read more...


Arthur Johnson Will See His Dream of Senior Housing Come True  When Arthur Johnson became the pastor of St. Luke's Ministries nearly 30 years ago, he dreamed about two ambitious projects: A private school for low-income students and an affordable apartment


Jay Hancock: Car sales emit faint whiff of recession  "It's just not consistent. We'll have a 15- or 20-car day and come back with a three-car day, all in the space of literally a week" We know about

March 18th, 2008

Piggyback Loans vs. Insurance

A piggyback loan is a second mortgage taken out at the same time as a first mortgage as a way of borrowing a larger total amount without having to pay mortgage insurance. The first mortgage is for 80 percent of property value and therefore does not require insurance.




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