|
Majority |
The age at which an individual is legally
entitled to handle his or her own affairs |
|
Margin |
The amount added to the index on an
adjustable-rate mortgage (ARM) that establishes the adjusted interest rate at a
given time |
|
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 |
|
Marketable title |
A clear, unencumbered title, reasonably
acceptable without the threat of the risk of litigation |
|
Maturity |
The date on which the principal balance of a
loan, bond, or other financial commitment is due and payable |
|
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 |
|
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 |
|
Minor |
An individual below the age at which he or she
is legally entitled to handle his or her own affairs |
|
Monument of Survey |
le indications made on natural or man-made
objects that indicate the boundaries of a survey |
|
Mortgage |
A legal document that pledges a property to the
lender as security for the payment of a loan or debt |
|
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 |
|
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 |
|
Mortgagee |
The lender in a mortgage
transaction |
|
Mortgagor |
The borrower in a mortgage
transaction |
|
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 |
Can't find the word or term you are looking for?
No problem.
Just let
me know what it is you are looking for and I will be happy to
research the information and get back to you with it. I am
always looking for new information to add to the dictionary so any
request about a word or term is always welcome.
Almost ready to
relocate to Clark County, Washington? Just considering the
possibility of living here? No matter where you are in the
relocation process I am here to help you and provide any
information you may need.
Bookmark
www.VancouverWaRelo.com
and keep this "one-stop" site for all,
your relocation and home buying needs in Clark County and Vancouver
Washington, at your fingertips. Don't miss the
Property Listings that are updated and changed daily.
Need more information
about Vancouver and Clark County? I am the expert on
the area and
have listed and addressed many subjects, here on the site, that are going to be important to you during
your relocation (I also offer a free
relocation packet
that will be
sent to you upon request.). But, no matter how much information is here
for you there are times when you want to talk to an experienced Realtor
who is an expert on relocation and the Vancouver/Clark County area.
Don't hesitate to contact me with all your questions and I will make
sure they are answered promptly and with the utmost confidentiality.
You can depend on me to make
sure that
all your relocation goals will be met!
