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

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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
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
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
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)
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

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 >Handle Needed Repairs Early There is a standard chain of events that occurs when an offer comes in on a home. After a meeting of the minds, the buyer often brings in a home inspector who may find a few items that need to be repaired. The real estate agent gives the homeowner a list of the requested repairs. What comes next? In most transactions, the seller will take care of the repairs. Many sellers wait until the week before the closing to call someone to do the work, because they want to be sure that they are going to make it to the closing table before they spend money on repair work. If you are responsible for making repairs to a home you are selling, make sure you have the work done well in advance of the closing date by licensed professionals who will stand behind their work. If the work is done at the last minute and is incomplete or unsatisfactory, it could cause complications at the closing. You should provide the buyers with all the receipts and the names of the persons to contact in case there is a problem with the repairs. See All Tips In The "Closing or Settlement" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  What house is considered to be the first house with running water in America? A  John Headly's home built in Newport, RI in 1723, was equipped with an underground pipe from the nearby spring. See More Real Estate Trivia >

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Maurice Vaughn / The Vaughn Team BetterHomes&GardensReal Estate HometownConnection 108 Center Pointe Dr. Clarksville, TN 37040 Office: 931-245-6733 Company: 931-245-2050 Toll Free: 1-877-VAUGHN9 MVaughn@TheVaughnTeam.com Over the years, Maurice has witnessed many changes and much growth in his hometown, but he knows the core values by which he was raised-independence, integrity, determination-will always remain the same. Maurice's spirit of dedication to Clarksville is always on display through his work with community groups like the Salvation Army, the Relay for Life, cookouts for Little League teams and his passion for history. Family is also a top priority for Maurice and he loves to spend time with his children and his wife Terri, at one of the nearby lakes. Perhaps nowhere is Maurice's appreciation for the spirit of Clarksville more apparent than in his career as one of the area's most experienced real estate professionals. For more than 22 years, Maurice has been the trusted source to whom more people turn when the time comes to buy or sell a home. With his knowledge of the area, business savvy and dedication to his clients, he's truly made a name for himself in the Clarksville real estate market. No matter what your real estate needs, turn to Maurice Vaughn and experience The Spirit of Clarksville. -Maurice Vaughn www.TheVaughnTeam.com is brought to you by Maurice Vaughn, real estate for Clarksville, Montgomery County TN and Fort Campbell, KY, Tennessee Read Maurice Vaughn's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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