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M

Majority	The age at which an individual is legally entitled to handle his or her own affairs
Margin	The amount added to the index on an adjustable-rate mortgage (ARM) that establishes the adjusted interest rate at a given time
Market value, or Fair market value	The most likely price that a piece of property or home can realistically be sold for, and is dependent on the selling price of similar real estate in the area
Marketable title	A clear, unencumbered title, reasonably acceptable without the threat of the risk of litigation
Maturity	The date on which the principal balance of a loan, bond, or other financial commitment is due and payable
Mechanic's lien	A lien created by statute to allow unpaid contractors, laborers or suppliers who have performed work on or furnished materials for the construction of a building to recover the value of their work
Metes and Bounds	Means for describing property by a set of directions and distances, when there isn't identification based on a surveyed lot number
Minor	An individual below the age at which he or she is legally entitled to handle his or her own affairs
Monument of Survey	le indications made on natural or man-made objects that indicate the boundaries of a survey
Mortgage	A legal document that pledges a property to the lender as security for the payment of a loan or debt
Mortgage broker	An individual or company that acts as an agent between borrowers and lenders for the purpose of arranging and negotiating mortgage contracts; who is paid a fee for such service
Mortgage insurance	A contract that guarantees the lender against loss caused by a mortgagor's default on a government or conventional mortgage; such insurance can be issued by a private company or by a government agency, and covers either only a percentage, or the total, of the mortgage loan
Mortgagee	The lender in a mortgage transaction
Mortgagor	The borrower in a mortgage transaction
Multiple-listing service (MLS)	An organization of brokers who share their listing agreements with one another in order to find buyers for their properties more effectively than they could individually

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The Danley - Golding Jones Team Sotheby's International Realty 200 Clocktower Suite 100D Carmel, CA 93923 831-601-5355 Fax: 831-855-0210 christinadanley@NUMBER1EXPERT.com Christina has been a broker associate since 1987. She values her clients and makes their needs and their investment's potential the priority. She has listed and sold single-family homes and condominiums throughout the Monterey County area and specializes in Pacific Grove, Pebble Beach, Carmel, Carmel Valley and Monterey. Christina earned the Certified Residential Specialist (CRS) designation, which distinguishes a higher level of education in real estate and a professional affiliation affording up-to-the-minute industry information and local market knowledge. She is the proud receiver of the John Leo Award, in recognition of top sales volume within the Monterey County Association of Realtors, for 1998. Her background includes 20 years of management in the hotel and restaurant business as well. She holds a lifetime limited service credential for California Community Colleges and was honored with the Papa Vince award for excellence in hospitality. Courtney was born and raised on the Monterey Peninsula. She attended local schools Santa Catalina Lower School and Robert Louis Stevenson Upper School. She has always been surrounded by real estate as her mother, Stacey Golding, worked for the Mitchell Group (now Sotheby's) and her husband is a commercial real estate agent. Courtney attended Santa Clara University, graduating Cum Laude with a major in finance and a minor in art history. She then spent the next 8 years in San Francisco working as a finance and accounting recruiter for a nationwide firm, Kforce Professional Staffing. She was a top producer for the company, consistently achieving platinum status. www.mbayrelo.com is brought to you by The Danley - Golding Jones Team NUMBER1EXPERT™ in real estate for Carmel, Pebble Beach, Pacific Grove and Monterey, California Read The Danley - Golding Jones Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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