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

F

Fair Credit Reporting Act	A federal law that regulates the disclosure of consumer credit reports by consumer/credit reporting agencies, and establishes procedures for rectifying errors on individuals' credit records
Fair Housing Act	A federal law which prohibits discrimination in housing based on race, color, religion, sex, handicap, familial status and national origin
Fair market value	The highest price that a buyer, who is willing but not required to buy, would pay for a piece of property or home, and the lowest price that a seller, who is willing but not required to sell, would accept
Fannie Mae	The Federal National Mortgage Association (also FNMA), a private corporation which is federally chartered to provide financial products and services that increase the availability and affordability of housing, by purchasing mortgages from banks and other lending institutions; the FNMA is the largest non-bank financial services company in the world, as well as the largest resource for financing of home mortgages in the U.S.
Farmer's Home Administration (FmHA)	A federal agency that provides credit assistance to farmers and other individuals residing in rural areas of the U.S.
Federal Deposit Insurance Corporation (FDIC)	An independent federal agency that insures the deposits in commercial banks
Federal Home Loan Mortgage Corporation (FHLMC)	A corporation established to purchase primarily conventional mortgage loans in the secondary mortgage market
Federal Housing Administration (FHA)	An agency of the U.S. Department of Housing and Urban Development (HUD), whose function is the insuring of residential mortgage loans made by private lenders; while setting standards for construction and underwriting, the FHA itself does not lend money, or construct housing
FHA insurance	Mortgage insurance provided by the Federal Housing Administration to protect banks, savings and loans, and mortgage companies against loss on real estate loans
FHA loan	A loan insured by the Federal Housing Administration, and made by an approved lender in accordance with the FHA's regulations
Federal National Mortgage Association (FNMA)	A governmental agency established to purchase any kind of mortgage loans in the secondary mortgage market from the primary lenders
Fee simple	The greatest interest in a parcel of land that is possible, or the total interest in real property
Fiduciary relationship	A relationship of trust and confidence, as between principal and agent, trustee and beneficiary, attorney and client
Finder's fee	A commission paid to a mortgage broker for sourcing a mortgage loan for a prospective borrower
First mortgage	A mortgage that is the primary lien against a property
Fixed-rate mortgage (FRM)	A mortgage in which the interest rate remains fixed over the duration of the term of the loan
Fixture	Any item of property that is attached to real property such that it becomes a permanent part of the real property, and therefore is usually sold with it
Foreclosure	A legal proceeding usually initiated by the lender or creditors, involving a forced sale of a property owned by a borrower who has defaulted on payment of, or on the terms of, a loan on said property, and whereby the borrower is deprived of his or her interest in the property
Forfeiture	The loss of money, property, rights, or privileges due to a breach of legal obligation
Forfeiture of Title	The provision in a deed that accounts for title being passed to another, should certain terms not be met or certain circumstances occur
Freddie Mac	The Federal Home Loan Mortgage Corporation (also FHLMC), a private corporation that is federally chartered to purchases and sells mortgage loans; a major player in the secondary market, along with the Federal National Mortgage Associate (FNMA)
Front ratio	The ratio of a potential borrower's monthly housing costs to their gross monthly income, utilized by lenders to qualify an applicant for a loan; typically 28-40 percent is acceptable
Fully amortized ARM	An adjustable-rate mortgage (ARM) with a monthly payment that is sufficient to pay off the remaining balance at the interest accrual rate over the amortization term
Fully indexed note rate	Te index value at the time of application for an adjustable rate mortgage (ARM) plus the gross margin stated in the note

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Real Estate Tips Disclosure Laws >Potential Problems Every house has some "quirks", and some have material defects that may affect the sales agreement or the asking price. Placing a less-than-perfect house on the market is fine as long as you and your real estate agent give the buyers information on any "hidden defects". Most litigation in real estate transactions involves the buyer suing the seller for failure to disclose a problem. Whether it is a leaky roof, dry rot, plumbing or heating problems, or a wet basement, most courts do not apply the "let the buyer beware" rule to real estate transactions. Even if the buyers had a structural inspection and you sold the property "as is," you may be held responsible for undisclosed defects. Sellers have an obligation to disclose both obvious and hidden defects. Courts have not been sympathetic to sellers who have lived in a house and are in a position to know what works and what doesn't, but do not fully reveal the facts. This is one area where honesty is the only policy. Ask your agent for help if you are unclear about any aspects of the disclosure form. See All Tips In The "Disclosure Laws" 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 >

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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

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