Word: mortgagee
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The most fun aspects of Super Bowl betting ? aside from the post-game scrambling for mortgage payment money ? are the various prop bets available to those who don't mind their check book balances predicated on which way an oblong ball bounces.
Luckily for Wiberg and others, the church ministers proposed a solution: a mortgage contract which allows the congregation to purchase the chapel property, worth more than $4 million, if they raised $2 million in two years.
On March 30, 2001, the seminary and the congregation signed the two-year mortgage contract, stating that the congregation would have to pay more than $2 million by March 30, 2003, as well as $200,000 in interest payments to purchase and keep the chapel property.
The government should spend less on showpiece projects, be more serious about tackling a burgeoning deficit, and focus on preserving a free market. Instead, its most substantive response to the economic crisis has been to try and shore up property prices by a series of land sale freezes, curbs on...
Shopping for a new sports car over the summer, David Beverly found plenty of choices, at attractive prices. Hunting for a sexy machine under $40,000, he surveyed vehicles ranging from Detroit's muscle cars to newer models by Audi, BMW and Honda. What really caught his eye was Nissan...