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Majority |
The age at which an individual is legally
entitled to handle his or her own affairs |
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Margin |
The amount added to the index on an
adjustable-rate mortgage (ARM) that establishes the adjusted interest rate at a
given time |
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Market value, or Fair market
value |
The most likely price that a piece of property
or home can realistically be sold for, and is dependent on the selling price of
similar real estate in the area |
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Marketable title |
A clear, unencumbered title, reasonably
acceptable without the threat of the risk of litigation |
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Maturity |
The date on which the principal balance of a
loan, bond, or other financial commitment is due and payable |
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Mechanic's lien |
A lien created by statute to allow unpaid
contractors, laborers or suppliers who have performed work on or furnished
materials for the construction of a building to recover the value of their
work |
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Metes and Bounds |
Means for describing property by a set of
directions and distances, when there isn't identification based on a surveyed
lot number |
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Minor |
An individual below the age at which he or she
is legally entitled to handle his or her own affairs |
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Monument of Survey |
le indications made on natural or man-made
objects that indicate the boundaries of a survey |
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Mortgage |
A legal document that pledges a property to the
lender as security for the payment of a loan or debt |
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Mortgage broker |
An individual or company that acts as an agent
between borrowers and lenders for the purpose of arranging and negotiating
mortgage contracts; who is paid a fee for such service |
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Mortgage insurance |
A contract that guarantees the lender against
loss caused by a mortgagor's default on a government or conventional mortgage;
such insurance can be issued by a private company or by a government agency,
and covers either only a percentage, or the total, of the mortgage
loan |
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Mortgagee |
The lender in a mortgage
transaction |
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Mortgagor |
The borrower in a mortgage
transaction |
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Multiple-listing service
(MLS) |
An organization of brokers who share their
listing agreements with one another in order to find buyers for their
properties more effectively than they could individually |
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| Q |
What is a "smart home"?
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| A |
A "smart home" is equipped with structured home wiring packages that control the home's systems via networked technologies. |
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Diana Dedwylder
RE/MAX Pinnacle Group Realtors
1241 W Green Oaks Blvd.
Arlington, TX. 76013
Phone: 817 299-1033
Fax: 817 460-3903
Email: DianaDedwylder@NUMBER1EXPERT.com
Welcome to the END of the INTERNET! You have found the very last web site you will need for all of your real estate needs. www.YourDFWAgent.com
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· 30 Years of Market Knowledge
· Graduate of Real Estate Training Institute, Prudential Mgmt Training, Century 21 Real Estate Training, Henry S. Miller Training, Certified Residential Specialist “less than 2% of agents Nationwide have this certification”
· Proud Sponsor of the Childrens Miracle Network
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Although there is a wealth of knowledge at www.YourDFWAgent.com put our team to work directly! We want to speak with you.
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