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NATIONAL ASSOCIATION OF REALTORS®
(NAR) |
A real estate trade organization that sets the
standards for integrity and honesty within the real estate profession
nationwide |
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Negative amortization |
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 |
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Net listing |
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 |
|
Net worth |
The total value of all of an individual's
assets, minus all liabilities or debts |
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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) |
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Notary |
An individual authorized by law to certify
documents and signatures |
|
Note |
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 |
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| Q |
What is considered one of the greatest U.S. construction projects that was also of great strategic importance to the U.S.?
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| A |
The Panama Canal, begun in 1904 and completed in August, 1914, which cost $366,650,000. |
 See More Real Estate Trivia > |
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Barbara Zorn
Prudential Star Real Estate
1733 North Atlantic Avenue
Cocoa Beach, FL 32931
Office: 321-799-0300
Fax: 321-868-5566
Barbara@SoldByBarbara.com
Barbara Zorn is in the top 1% of all agents in the United States for Sales Success. In one year she sold 172 properties. "It takes attention to detail and great support behind the scenes to give the best in service, I couldn't be as good as I am if it wasn't for systems and customer care coordinators who work with my clients to insure they are receiving the best at all times" says Barbara.
Barbara has a Masters Degree from the University of Central Florida where she majored in Marketing and Finance. David, her husband, is constantly adding new computer programs that enhance Barbara's career. In their spare time Barbara and David enjoy watching their daughter, Samantha, play soccer.
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