A real estate trade organization that sets the
standards for integrity and honesty within the real estate profession
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
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
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)
An individual authorized by law to certify
documents and signatures
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
Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'll send a brief explanation of any word or term that you encounter when buying and selling property.
Do you have a suggestion of a real estate word that should be included? Let us know! We always appreciate feedback.
Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
Barry and Diane Upchurch Barry Upchurch Realty 173 Long Rd. Suite 108 Chesterfield, MO, 63005 314-878-1900 636-530-7727 Fax 1: 636-530-7797 Fax 2: 314-878-1903 upchurch@NUMBER1EXPERT.com
“Exceptional Properties . . .Exceptional Service!” that’s what Diane and Barry Upchurch are all about! Discover the fastest growing real estate team in St. Louis County. We believe in providing guaranteed service with the highest level of integrity. Our vast experience, knowledge, proven results and attention to detail will ensure your satisfaction. Contact us today . . . we’ll make your dream home become a reality for you!
Ranking in the top ½ % of Realtors in St. Louis, Barry and Diane have both earned the CRS (Certified Residential Specialist), ABR (Accredited Buyers Representative) and GRI (Graduate of the Realtors Institute) credentials. With over $150 million sold, we thank our past clients for the steady stream of referrals and repeat business.
www.BarryUpchurchRealty.com is brought to you by
Barry and Diane Upchurch NUMBER1EXPERTS in real estate for
Chesterfield, Town and Country and West St. Louis County, Missouri