REO n.— «R.E.O. is industry lingo for “Real Estate Owned,” the term that bankers assign to homes they have taken in a foreclosure. Reomac is the industry group that serves the mortgage default trade, specializing in selling the busted-up...
cash for keys n.— «The celebration started early Saturday, with poolside music and drinks, as partygoers passed around business cards and compared notes on successful techniques for evicting residents who try to stay in bank-owned...
19th hole n.— Note: A customary name for a bar that caters to golfers or for a round of drinking after a golf match. «The convention at the Desert Springs J. W. Marriott formally began on Sunday, with a golf tournament, featuring a “19th...
A caller has a hard time remembering which is correct: “Give the book to my husband and me,” or “Give the book to my husband and I.” Martha offers a sure-fire, quick-and-easy way to know if “husband and I” or...
non’trée n.— «Bay Area waiters have a nickname for many of their customers these days: the non’trée. Non’trée (pronounced “non-tray”) refers to the folks who order appetizers rather than a pricier entree—a popular practice in...
Twi-hard n.— «The most recent “Twilight” book sold an astonishing 1.3 million copies in the first 24 hours, and fans—also known as “Twi-hards”—stay up all night to attend the books” midnight release parties...