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Back ratio	The ratio of monthly housing costs (principal, insurance, taxes, and interest) plus regular monthly payments to gross monthly income, used by the lender to evaluate an applicant's qualification for a loan; typical back ratios are between 32 - 45 percent
Balloon mortgage	A mortgage with level monthly payments over a stated term, but which requires a lump sum payment in full due at the end of an earlier specified term
Balloon payment	The final lump sum payment that is made at the maturity date of a balloon mortgage, which is larger than preceding regular payments
Bankruptcy	A legal proceeding in a federal court in which a debtor who owes more than the total of his or her assets can surrender those assets to the Bankruptcy Court, thereby being relieved of the future obligation to repay his or her unsecured debts; a Trustee in Bankruptcy administers the assets, selling them to pay as much of the debt as possible
Bargain and sale deed	A deed that carries with it no warranties against liens or other encumbrances, but which implies that the grantor has the right to convey title
Basis	The financial interest an owner of an investment property has, as determined by the Internal Revenue Service, in order to determine annual depreciation and gain or loss on the sale of the asset Adjusted Basis: When property is purchased, the owner's basis is calculated to be the property cost plus the value of any capital expenditures for improvements made, minus any depreciation taken
Benchmark	A permanent reference mark made on a piece of property for the sake of surveyors
Beneficiary	The person named to receive income from a trust, an estate, or a deed of trust
Bequeath	To gift or transfer personal property to another party, executed via a will
Betterment	An improvement to property that increases its value, as opposed to repairs or changes that maintain its value only
Bid	A financial offer to purchase a property
Binder	A preliminary agreement for the purchase of real estate, secured by the payment of an earnest money deposit which evidences the purchaser's good faith and intent to complete the purchase
Blanket loan	A mortgage covering more than one parcel of real estate, which provides for each individual parcel's partial release from the mortgage upon repayment of a portion of the debt
Bond	A written financial obligation, usually secured by a mortgage or a deed of trust, and often posted with the Court, to guarantee against loss incurred with a potential claim
Breach	Failure to follow through on a contractual promise or legal obligation
Bridge loan	A form of second trust, collateral for which is the borrower's present home, usually taken on to allow the proceeds from the sale of the borrower's present home to be used to close on a new home, before the previous home is sold
Broker	An intermediary who assists in negotiating contracts between two or more parties, for a fee; in real estate, a broker is licensed to assist in the purchase, selling, rental or managing of real estate; the broker's services will vary, depending on whether he or she is employed by the seller or the buyer
Building code	An ordinance that specifies minimal standards for construction, alteration, or demolition of a building, set for the sake of safety
Building Restriction Line (or "Set-back")	The minimal distance from the road where a building may be positioned, which appears in the original plat of subdivision, restrictive covenants, or in zoning ordinances and building codes
Bureau of Land Management	The branch of government responsible for the surveying and management of public lands
Buy-back agreement	A written agreement which specifies the conditions under which the seller is allowed to repurchase the property, usually restricted to a certain period of time and to a price stated in the agreement
Buydown	When the lender or home builder lowers the interest rate on initial payments on a loan, often for the first few years, allowing a borrower whose income is expected to increase in subsequent years to qualify for a loan they otherwise are currently not qualified for
Buyer-agency agreement	When the broker is the agent for the buyer and is financially obliged to the buyer
Buyer's market	When the real estate buyer is at advantage because there is more supply of houses or real estate available for sale than there is demand, thus lowering prices

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Derya Martin Meybohm Realtors 6004 Evans Town Center Boulevard Evans GA 30809 706-664-7774 Fax: 877-664-7774 deryamartin@gmail.com: deryamartin@NUMBER1EXPERT.com Born and raised in Germany, I moved to the United States in 2004 and I have spent the past 6 years dedicated to the realms of real estate, specializing in regular and military relocation. My husband currently works for the army as a firefighter, but was previously enlisted, resulting in my experience in relocation. I feel that I have been directly led to this chapter of real estate due to my experiences and skill set. Being involved in relocations personally has given me a thorough understanding of the process as well as allowed me to really connect with the emotions and concerns clients may be experiencing. I've been there. I can easily step into a clients' shoes to really relate with their needs having been the client so many times in the past. Moving is hard, especially when you have a family to uproot. Working with a relocation specialist that has a vast knowledge with the areas they cover is very important. That's why I make sure to be prepared for any questions my clients may have. I am trilingual in English, German and Turkish, allowing me to work with a wider range of clients and I love it. Being able to experience different cultures and values held by clients is a definite perk for me. Knowing that I am able to have a positive impact on someone's moving experience actually means a lot to me, because I've been there. I've experience those ups and downs, those potential worries that sometimes appear. Moving can be stressful, because aside from the packing and organizing, you're leaving what's familiar to you. As a relocation specialist, I will come to the table with full confidence and knowledge to enable me to provide assistance. I strive to be the best that I can be and to leave my clients happy and comfortable. Let me show you what a relocation done right is like. Moving can be overwhelming to begin with; I want to make the difference. www.AugustaGAHome.com is brought to you by Derya Martin, real estate for Evans, Fort Gordon and Augusta, Georgia Read Derya Martin's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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