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

B

Back ratio	The ratio of monthly housing costs (principal, insurance, taxes, and interest) plus regular monthly payments to gross monthly income, used by the lender to evaluate an applicant's qualification for a loan; typical back ratios are between 32 - 45 percent
Balloon mortgage	A mortgage with level monthly payments over a stated term, but which requires a lump sum payment in full due at the end of an earlier specified term
Balloon payment	The final lump sum payment that is made at the maturity date of a balloon mortgage, which is larger than preceding regular payments
Bankruptcy	A legal proceeding in a federal court in which a debtor who owes more than the total of his or her assets can surrender those assets to the Bankruptcy Court, thereby being relieved of the future obligation to repay his or her unsecured debts; a Trustee in Bankruptcy administers the assets, selling them to pay as much of the debt as possible
Bargain and sale deed	A deed that carries with it no warranties against liens or other encumbrances, but which implies that the grantor has the right to convey title
Basis	The financial interest an owner of an investment property has, as determined by the Internal Revenue Service, in order to determine annual depreciation and gain or loss on the sale of the asset Adjusted Basis: When property is purchased, the owner's basis is calculated to be the property cost plus the value of any capital expenditures for improvements made, minus any depreciation taken
Benchmark	A permanent reference mark made on a piece of property for the sake of surveyors
Beneficiary	The person named to receive income from a trust, an estate, or a deed of trust
Bequeath	To gift or transfer personal property to another party, executed via a will
Betterment	An improvement to property that increases its value, as opposed to repairs or changes that maintain its value only
Bid	A financial offer to purchase a property
Binder	A preliminary agreement for the purchase of real estate, secured by the payment of an earnest money deposit which evidences the purchaser's good faith and intent to complete the purchase
Blanket loan	A mortgage covering more than one parcel of real estate, which provides for each individual parcel's partial release from the mortgage upon repayment of a portion of the debt
Bond	A written financial obligation, usually secured by a mortgage or a deed of trust, and often posted with the Court, to guarantee against loss incurred with a potential claim
Breach	Failure to follow through on a contractual promise or legal obligation
Bridge loan	A form of second trust, collateral for which is the borrower's present home, usually taken on to allow the proceeds from the sale of the borrower's present home to be used to close on a new home, before the previous home is sold
Broker	An intermediary who assists in negotiating contracts between two or more parties, for a fee; in real estate, a broker is licensed to assist in the purchase, selling, rental or managing of real estate; the broker's services will vary, depending on whether he or she is employed by the seller or the buyer
Building code	An ordinance that specifies minimal standards for construction, alteration, or demolition of a building, set for the sake of safety
Building Restriction Line (or "Set-back")	The minimal distance from the road where a building may be positioned, which appears in the original plat of subdivision, restrictive covenants, or in zoning ordinances and building codes
Bureau of Land Management	The branch of government responsible for the surveying and management of public lands
Buy-back agreement	A written agreement which specifies the conditions under which the seller is allowed to repurchase the property, usually restricted to a certain period of time and to a price stated in the agreement
Buydown	When the lender or home builder lowers the interest rate on initial payments on a loan, often for the first few years, allowing a borrower whose income is expected to increase in subsequent years to qualify for a loan they otherwise are currently not qualified for
Buyer-agency agreement	When the broker is the agent for the buyer and is financially obliged to the buyer
Buyer's market	When the real estate buyer is at advantage because there is more supply of houses or real estate available for sale than there is demand, thus lowering prices

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

Real Estate Tips Home Inspections >Buyer Protection There are situations in which you as a homebuyer may be in need of protection: here is one example. You have finally found the home that is right for you, but you have some questions about the structure and condition of the home. A home inspection is the best place to get answers that will help protect your interests as a buyer. There are companies that specialize in inspecting new and used homes. Most sellers allow a reasonable amount of time to have the property inspected after the purchase agreement is agreed upon and prior to closing. It is wise to have a home inspection, even if the house is new or everything appears to be in perfect condition. The inspector can provide important information about the house. Where are the gas and water shut-off valves? How do the circuit breakers operate? What type of routine maintenance should be done for each system? The inspector's fee is an investment that can save you money later! See All Tips In The "Home Inspections" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  Where are church services held in the water each Sunday during July and August? A  At Half-Moon Bay, Ontario, worshippers gather in boats facing the natural stone pulpit, and hymnals are passed to the floating congregation by ushers in canoes. See More Real Estate Trivia >

---

Andy Hall and Diane Broussard RE/MAX Gold/ Premier Valley Real Estate 3375 Cameron Park Drive,Cameron Park 1768 Pleasant Valley Rd. Placerville,Cal. Office: 530-620-7108 Fax: 916-244-0238 mobile: 209-217-7707 mobile: 209-337-8172 Andy@AndyjHall.net Diane@ThinkDiane.com Welcome to our Real Estate web site. We have been developing and selling real estate for over 30 yrs. We own a horse ranch and understand the unique needs of the equestrian. We specialize in Horse,Ranch,Vineyard and Estate properties in El Dorado County, including Cameron Park,Shingle Springs and Placerville Ca.and Sacramento County including, Rancho Murietta, Sloughhouse and Wilton California, and San Joaquin County including, Clements and Lockeford ,Ca. These beautiful areas still offer a rural country lifestyle or charming towns and cities if you prefer. There are many horse and cattle ranches, golf courses, lakes and rivers to enjoy. We have also gathered information on Amador County, Ca. including, Ione, Plymouth, Jackson Valley ,and Willow Creek ,Ca. We included the South El Dorado County towns of Fairplay, Somerset and Mt. Aukum as well. Whether you ride horses or ATV’s we have the property for you. Planning on a vineyard? Check out the Shenandoah Valley , Fairplay Winery area or Clements , Lockeford or Woodbridge vineyards and wineries. We can save you time and money in locating real estate for sale throughout Sacramento,El Dorado and San Joaquin Counties. In addition, our team offers services to those looking to purchase rural type properties such as residential homes on land or bare land to develop later. Ask us---we will always strive to find the answers We are SHORT SALE SPECIALISTS Our team is very experienced in dealing with banks on short sales. Call us for advice on how to avoid a foreclosure thru a short sale. 209-337-8172 209-217-7707 Diane's DRE License#01085991 Andy's #01254531 www.PremierValleyRealEstate.com is brought to you by Diane Broussard and Andy Hall Team, real estate for El dorado Hills, Shingle Springs, Cameron Park, Wilton and Galt, California Read Diane Broussard and Andy Hall Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

---

Diamond NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.