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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 |
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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 |
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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 holds the title as the tallest reinforced concrete building in the U.S.?
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| A |
311 South Wacker Drive in Chicago was completed in 1990 and is 65 stories high. |
 See More Real Estate Trivia > |
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Elizabeth Brien
The Charles Reinhart Company Realtors
2355 W. Stadium
Ann Arbor, MI. 48103
Elizabeth Cell: 734.645.4444
Bruce Cell: 734.476.1103
Office Direct: 734.669.5989
Office Switch: 734.665.0300
Fax: 734.769.8271
Email: brienteam@elizabethbrien.com
Elizabeth Brien is a dedicated champion for the achievement of the dreams and goals of her clients and their families. Elizabeth's keen ability to establish relationships with her clients, her vast marketplace knowledge,
and her focus and effort, have resulted in a significant list of satisfied, and often repeat, clients. Elizabeth has over 25 years of experience throughout the entire residential market - new construction and re-sale of homes, condos and income properties. With over $43 million in sales in 2009, and $613 million in career sales, Elizabeth Brien was the top-selling realtor in Washtenaw County in 2009. Please contact Elizabeth for information concerning the Ann Arbor and greater Washtenaw County areas, and for assistance in buying or selling a home in Ann Arbor, Saline, Dexter, Chelsea or any other part of Washtenaw County. She'll be happy to help in any way she can.  
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