Wine Tasting Invitation to Realtors

To celebrate our new office please contact me
directly for tickets
(949) 637- 8190
C. G. Barbeau

Guacamole Mask?

I read this recipe on Pinterest for an avocado and apricot mask and since I have these in our garden, why not?

After blending the ingredients and applying a lumpy paste to my face, I decided to go back out and pick a lemon, get some cherry tomatoes and chop a red onion very fine. The mask was a total fail, but guacamole with bell peppers and a twist or two, the experiment paid off. When life gives you lemons make guacamole.

2 ripe avocados (save the pits to keep from turning brown fast), Juice of one lemon, Hot sauce to taste, ½ Finely chopped red or Maui onion ,+ eight cherry tomatoes smashed

Fresh Thyme (yes, not cilantro this time) and a tiny bit fresh basil

I cheated and used Lawry’s salt to eat it fast with yellow and red bell peppers

When life gives you a lumpy face make something else.

Italian Lemons in the garden (Sorrento)

Cherry tomatoes growing high enough that Coco can't steal them. (one of our dogs eats all the perfect tomatoes)

Glossary Real Estate Terms G -H

Real Estate Terms LETTER G

GABLE ROOF

Pitched roof with sloping sides

Gabled roof on Pacific Palisades, California house that sold this year

 

GAMBREL ROOF

House sold in Berkeley, California with Dutch Colonial style and Gambrel roof line

 

Curb roof, step lower slope flatter upper slope above

GENERAL LIEN

Lien on all property of a debtor

GIFT DEED

Deed for which the consideration is love and affection

GIRDER

Ground level at the foundation

GRADUATED LEASE

Lease provides varying rental rate- based on a future determination such as periodic appraisals, used in long term leases

GRANT

Conveyance of deed signifies the intent to transfer title of the land

GRANT DEED

Deed in which the word grant is used as the word of conveyance- free from encumbrances

GRANTEE

The purchaser a person to whom the grant is made

GRANTOR

Seller of property who signs the deed

GRI

Graduate Realtors Institute

GRID

Chart used in rating borrower risk, property and neighborhood

GROSS DOMESTIC PRODUCT

Total value of all goods and services produced in an economy at a given time using the local resources

GROSS INCOME

Total income before any expenses

GROSS RATE

Method of collecting interest by adding the total interest to the loan at the start (you pay the interest even if you pay off early)

GROSS RENT MULTIPLIER

Figure when multiplied by gross income of a property produces an estimate of value

GROUND LEASE

An agreement for use of the land only

GROUND RENT

Earnings of the improved property credited to earnings of the ground itself after allowance for earnings of improvements- also called economic rent

H

HABENDUM CLAUSE

“to have and to hold” clause in a deed

HEADER

A beam placed perpendicular to joists & which joists are nailed in framing for a chimney. Stairway or opening

HIGHEST AND BEST USE

Appraisal term at time of appraisal the greatest net return on property over a given period of time, starting point for an appraisal

HIP ROOF

Pitched roof with sloping sides and ends

HOLDER IN DUE COURSE

One who has taken a note, check etc. in due course before it is overdue in good faith and for value without any knowledge that is was dishonored (still good)

HOLDOVER TENANT

Tenant who remains in possession of leased property after the expiration of term

HOMESTEAD

Home upon which an owner has recorded a Declaration of Homestead, protects against some judgments

HUNDRED PERCENT LOCATION

City retail business location that is the best location

HYPOTHECATE

To give a thing as security without the necessity of giving possession of it up

Glossary F

Glossary letter F Real Estate Terms from Mr. Fuddy

FAÇADE

Front of building

FAIR MARKET VALUE

Money paid for property on the open market available for a reasonable time, without pressures to buy or sell

FARMERS HOME ADMINISTRATION

Department of Agriculture gives financing help to farmers and others living in rural areas

FEDERAL DEPOSIT INSURANCE CORPORATION FDIC

Agency of Federal government that insures deposits at commercial banks and savings banks

FEDERAL NATIONAL MORTGAGE=FANNIE MAE

Private mortgage corporation taken over by our government to buy and sell existing mortgage on the secondary market

FEE

An estate of inheritance in real property

FEE SIMPLE

Fee – old English same as Fee Simple absolute is greatest power of owner to sell, trade or will

FIDELITY BOND

A security posted for the discharge of an obligation of personal services

FIDUCIARY

Person in a position of trust and confidence as between a principal and a broker. Broker owes fiduciary loyalty that cannot be broken under the rules of agency.

FILTERING DOWN

Process of making housing available to successively lower income groups

FINANCIAL INTERMEDIARY

Commercial banks, savings banks, mutual savings banks and life insurance companies receive small sums of money from the public and invest them in the form of larger sums, some loaned on real estate

FINISH FLOOR

Finish floor strips are applied over wooden joists , deadening felt and diagonal subflooring before the finish floor is installed- final covering linoleum, tile or carpet…

FIRST MORTGAGE= FIRST TRUST DEED

Legal document pledging collateral for a loan that has priority over all claims but taxes and bonded debts

FISCAL CONTROLS

Federal tax EARNEST MONEY

Down payment made by a purchaser of property as evidence of good faith

FIXITY OF LOCATION

Physical characteristic of real estate influenced by its surroundings (location)

FIXTURES

Appurtenances attached to the land of improvements – plumbing fixtures

FLASHING

Sheet metal or other material to protect a building from seepage of water

FOOTING

Base or bottom of a foundation wall, pier or column

FORECLOSURE

Property pledged is sold to pay the debt

FORFEITURE

Loss of money resulting from failure to perform

FRANCHISE

Privilege awarded by a government or business to have exclusive dealership

FRAUD

Intentional and successive employment of any cunning, collusion used to cheat a person

FREEHOLD

Estate of interminable duration- fee simple or life estate

FRONTAGE

Land bordering the street

FRONT FOOT

Property measurement for sale or valuation purposes- property measures by the front foot on its street line extending to the depth of the lot

FRONT MONEY

Minimum amount to initiate a real estate venture

FROSTLINE

Depth of frost penetration, differs by climate, footings need to be below this line

FUNCTIONAL OBSOLESCENCE

Loss of value by negative factors that affect the utility of the structure

FURRING

Strips of wood or metal to even it, to form an airspace or give appearance of thicker wall

FUTURE BENEFITS

Anticipated benefits the property owner will receive in future