Word: owing
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Distressed sellers are the biggest problem. According to the National Association of Realtors, nearly 40% of all houses on the market today are owned by sellers who are either behind on their mortgage or owe more than their house is worth. Banks have to approve deals in which the sale price is below the mortgage owed, often called short sales, and bankers are not typically eager to go for such sales because they result in losses for the lender. Realtors, even the ones who know how to work their contacts at banks, say it takes at least two months...
...wins, Obama may partly owe the presidency to McCain's claim that our economic fundamentals are strong. But once in office, the winner's job will be made a lot easier if it turns out, as seems likely, that McCain was right...
...Greek drama that those playwrights emulated—or conspicuously shunned. In Dante or Dryden or Tennyson, one can sense the palpable presence of Vergil. To disembody literature from the larger tradition of which the authors were knowingly partaking would appear an artificial and arbitrary extraction.Most importantly, perhaps, we owe our understanding of philosophy to the Greeks who developed it and the Latins who preserved it for us somewhat intact. The metaphysics and natural science first discoursed upon in Plato’s Academy and Aristotles’s Lyceum laid the basis for modern rational thought and technological progress...
...perspective was echoed by Rashaud A. Senior ’11, who said, “Now they are paying what they owe. They shouldn’t have been so damn greedy...
...case of households, debt rose from about 50% of GDP in 1980 to a peak of 100% in 2006. In other words, households now owe as much as the entire U.S. economy can produce in a year. Much of the increase in debt was used to invest in real estate. The result was a bubble; at its peak, average U.S. house prices were rising at 20% a year. Then - as bubbles always do - it burst. The S&P Case-Shiller index of house prices in 20 cities has been falling since February 2007. And the decline is accelerating. In June...