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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 |
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Fair Housing Act |
A federal law which prohibits discrimination in
housing based on race, color, religion, sex, handicap, familial status and
national origin |
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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 |
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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. |
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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. |
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Federal Deposit Insurance Corporation
(FDIC) |
An independent federal agency that insures the
deposits in commercial banks |
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Federal Home Loan Mortgage Corporation
(FHLMC) |
A corporation established to purchase primarily
conventional mortgage loans in the secondary mortgage market |
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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 |
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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 |
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FHA loan |
A loan insured by the Federal Housing
Administration, and made by an approved lender in accordance with the FHA's
regulations |
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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 |
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Fee simple |
The greatest interest in a parcel of land that
is possible, or the total interest in real property |
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Fiduciary relationship |
A relationship of trust and confidence, as
between principal and agent, trustee and beneficiary, attorney and
client |
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Finder's fee |
A commission paid to a mortgage broker for
sourcing a mortgage loan for a prospective borrower |
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First mortgage |
A mortgage that is the primary lien against a
property |
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Fixed-rate mortgage (FRM) |
A mortgage in which the interest rate remains
fixed over the duration of the term of the loan |
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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 |
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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 |
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Forfeiture |
The loss of money, property, rights, or
privileges due to a breach of legal obligation |
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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 |
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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) |
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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 |
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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 |
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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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| Q |
Nearly every state has a mandate for seller disclosure. What must a seller disclose?
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| A |
The seller must disclose any existing problems, defects or conditions that could affect the value of the house.
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 See More Real Estate Trivia > |
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Valerie Bertsch
Prudential Fox and Roach Realtors
352 Stokes Road, Suite 1
Medford, NJ 08055
(609) 654-1888 ext. 123
Fax: (609) 953-1714
valeriebertsch@NUMBER1EXPERT.com
Selling or buying a home is one of the biggest decisions of your life. And it is not an easy one. Selling or buying a home can be a complicated and involved process. That is why the right real estate agent can make all the difference. You need an agent who will be there for you. An agent who knows real estate inside and out. An agent who will get the results you're looking for.
Introducing Valerie Bertsch. The right agent.
Valerie Bertsch is the #1 agent at the Medford Home Marketing Center. She has had over 500 real estate transactions in all price ranges. But most importantly, Valerie is committed to her clients. She represents them until she gets the results they want. And with Valerie, that tends to happen sooner than later. She works hard for her clients, always keeping their best interests at heart. As an experienced negotiator, Valerie knows how to get the results her clients want. Valerie Bertsch is the right agent. And the right agent makes all the difference.
Valerie is a native of South Jersey who knows the Medford area and its neighborhoods as well as anyone. After being in the real estate industry for over a decade, she has been awarded the New Jersey Association of Realtors Gold Award for 2001, 2003 & 2004, the New Jersey Association of Realtors Distinguished Sales Club Award, and Top Producer of the Medford Home Marketing Office for 2003, 2004 & 2005.
As her resume highlights, Valerie has won many awards for her distinctive work with home buyers and sellers like you. Valerie is also a Certified Residential Specialist (CRS) earned by only 5% of the nation’s Realtors, a Graduate Real Estate Institute (GRI), a Fine Homes Specialist, E-Certified, a Certified Corporate and Relocation Specialist, and an active member of the National Association of REALTORS®. But ultimately, as a real estate professional, Valerie wouldn't have all these great titles and awards if it wasn't for one thing. Results. Valerie knows how to get them. And as your agent, she will get them for you. In addition to helping people move around town, Valerie is also an expert in helping people move to town. As an experienced relocation expert and a familiar name in the industry, Valerie puts into effect her comprehensive knowledge of the South Jersey area, its neighborhoods and its people. She knows the market, she knows value and she knows homes.
In addition to Valerie's individual success, she is backed by the Tri-State area’s premier broker, Prudential Fox & Roach Realtors--an industry leader, woven into the fabric of our communities since 1886. Valerie also has a team of real estate professionals working with her to make sure her clients' needs are always being met--and usually exceeded. Valerie and her team are totally committed to helping buyers and sellers. Seven days a week - even 24 hours a day, if necessary. Whatever it takes to bring a buyer and seller together.   
www.ValBSellsHomes.com is brought to you by
Valerie Bertsch
NUMBER1EXPERT™ in real estate for
Medford, Marlton and Medford Lakes, New Jersey Read Valeris Bertsch's
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