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

M

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

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 Closing or Settlement >A Smooth Closing If you are in the process of moving from a home you lived in for years, you might be amazed at what lies beneath all your home furnishings! You might stand in your empty house as the moving van pulls away, staring at piles of dust bunnies and years' worth of grime that you didn't know was there. You are tired, and the last thing you feel like doing is scrubbing your house for the new owners. But leaving your home impeccably clean is one of the most important things you can do to ensure a smooth closing. Your buyers will do their "walk-through" before the closing to make sure that all the systems of the home are in working order and that the agreed-upon repairs were made. They will feel good about the whole process if they walk into a spotless house. This will be their last opportunity to experience an attack of buyers' remorse, and your efforts can minimize any second thoughts they may be having or any crankiness about issues that must be resolved at the closing. If you are not inclined to do the cleaning yourself, hiring a professional cleaner will be worth the investment. See All Tips In The "Closing or Settlement" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  Nearly every state has a mandate for seller disclosure. What must a seller disclose? A  The seller must disclose any existing problems, defects or conditions that could affect the value of the house. See More Real Estate Trivia >

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Delores A. White Thompson Carr Real Estate LLC 1148 Wagner Dr. Suite 101 Sevierville, TN 37682 Delores Mobile Office: 865-850-4264 Fax: 865-774-5358 Office: 865-774-5338 Lisa's Mobile: 865-654-8280 deloreswhite@NUMBER1EXPERT.com deloresawhite@cs.com lisarhatcher@gmail.com When choosing The Delores A. White Team as your Realtor, you will be getting agents with over 20 years combined experience, recognized with honors, a Certified Resort Property Specialist, a Certified Accredited Buyers Agent, A Certified Short Sale And Foreclosure Specialist and a Top Producer in the entire Mid-South Region. www.DeloresAWhite.com is brought to you by Delores A. White, real estate for Gatlinburg, Pigeon Forge and Sevierville, Tennessee Read Delores A. White's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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