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Real Estate Dictionary: Naples, North Naples and Bonita Springs Florida home buying, real estate listings, and homes for sale in Collier County, FL
Welcome > Resources > Real Estate Dictionary - A

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

N

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



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The Mara Muller Team, REALTOR®, real estate agents and broker for Naples, North Naples and Bonita Springs Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Mara & Michael Muller, Realtors
Premier Properties of Southwest Florida, Inc.

Across from The Ritz-Carlton
325 Vanderbilt Beach Road
Naples, Florida 34108
Mara's Cell: 1-239-272-6170
Office: 1-239-594-9494
Email: Mara@MaraSellsNaples.com

The Mullers have raised their family and worked in Naples since 1996. As a Realtor in Naples, Mara became a record-setting Rookie of the Year in 2002. In addition to writing the monthly column "Real Estate for Real People" for the magazine, Neapolitan Family, she is a Certified Residential Specialist (CRS, a designation earned by fewer than 4% of Realtors nationwide), an Accredited Buyer's Representative (ABR), and e-Pro agent. Michael Muller worked the first 10 years of his career in relationship management for the Commerzbank and Banque Nationale de Paris in Europe. In 1996 Mara and Michael moved from The Netherlands to Naples, where for six years Michael was a private banking officer and lender at Northern Trust and a VP Consulting for a Florida-based Investment Advisory firm. For the past two years the Mullers have been honored by the Naples Chapter of the Women’s Council of REALTORS® with the Top Producer Awards General Real Estate Sales!

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