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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

N

NATIONAL ASSOCIATION OF REALTORS® (NAR)

A real estate trade organization that sets the standards for integrity and honesty within the real estate profession nationwide

Negative amortization

A gradual increase in the balance of a loan or mortgage which occurs because the monthly payments made are too small to cover the entire principal and interest charges; this shortfall amount is added to the remaining balance, resulting in negative amortization

Net listing

The advertisement of the price of property for sale in terms of the net price the seller will receive, once the property is sold, a type of listing which is illegal in many states

Net worth

The total value of all of an individual's assets, minus all liabilities or debts

No cash-out refinance

A transaction for refinancing a mortgage in which the new mortgage amount is limited to the sum total of the remaining balance of the first mortgage, points, closing costs, whatever is required to satisfy any liens that are more than one year old and other funds for the borrower's use (as long as the amount is one percent or less of the principal amount of the new mortgage)

Notary

An individual authorized by law to certify documents and signatures

Note

A legal document that obligates a borrower to repay a loan or owed sum of money at a stated interest rate over a designated period of time

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Real Estate Trivia
Q 
What famous writer's home is Rowan Oak?

A 
Rowan Oak in Oxford, Mississippi, was the home of William Faulkner from 1930 until his death in 1962.
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Kathy and Brian Boals, REALTOR®, real estate agent and broker for Thousand Oaks and Newbury Park, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Kathy and Brian Boals
RE/MAX Olson & Associates

280 E. Thousand Oaks Blvd, Ste B
Thousand Oaks,, CA 91360
805-446-4200
Fax: 805-499-1746
isellthousandoaks@NUMBER1EXPERT.com

In 1988 Kathy and Brian opened their own real estate brokerage office. They are a dynamic husband and wife team and have developed their own unique agent and client support system for marketing, escrow management, property management, and seller and buyer services, and mortgage lending. "We have committed ourselves to providing the detailed supervision and care of each and every transaction we handle, which is necessary to protect our clients and comply with all legal aspects of each sale. We have also established strong relationships with leading Escrow companies, Title companies, property inspection services, and other services our clients need.We provide a personal touch and not a corporate environment for our clients and customers." Kathy and Brian have a passionate vision of service and are ready to be of assistance with integrity and honesty to their clients.

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