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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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Celeinne and The Ysunza Home Team Avalar® RE&Mtg.Ntwk.,Estates of Monterey County 3146 Ocean Terrace Marina, CA 93933 Tel: 831-422-9103 Tel: 831-262-8821 Fax: 831-384-3402 Email: celeinneiysunza@NUMBER1EXPERT.com Profile of The Ysunza Home Team Over 25 years ago Celeinne began to follow a passion to help other people fulfill their dreams of owning a home. She understands that, regardless whether it is a modest condo or a magnificent luxury estate, her client’s home is a valuable 24-karat component of their life. Celeinne’s many years as an onsite new homes subdivision sales manager has enriched her life through the introduction of and interaction with a variety of cultures and the unique ways in which to approach the negotiation process. The basic principles of how to prepare a home for presentation to the public are second nature to Celeinne. We realize that our clients are our most valuable resource who deserve the best, beginning with the initial interview, suggestions on preparing your home for showing, negotiating the contract to closing the escrow. Each professional Team Member at AVALAR® RE&Mtg.Ntwk., Estates of Monterey County becomes a co-partner within a system that provides the opportunity for vested revenue sharing. Whether you are thinking of buying or selling your home in the Monterey County area, or need professional guidance in the marketing and sales of your subdivision, let us share with you how our high tech, high visibility and personal concern are your winning assets. We honor the opportunity of working with you. The Ysunza Home Team Avalar RE&Mtg.Ntwk., Estates of Monterey County Phone: 831.422-9103 X101 Fax: 831.384-3402. The data relating to real estate for sale on this website comes in part from the Broker Listing Exchange Program of the REInfoLink(TM) MLS System. Real estate listings held by brokerage firms other than Avalar R.E.&Mtg. Ntwk., Estates of Monterey County, are marked with the Broker Listing Exchange icon. Detailed information about them includes the listing brokers/agents. The data from other BLEPs is deemed reliable, but not guaranteed and is subject to change. Interested parties to confirm all information before relying on it for a purchase decision. This data is updated weekly on Sunday nights. Some properties appearing for sale on this website may subsequently have sold and may no longer be available. www.AvalarEstates.com is brought to you by Celeinne Ysunza and The Ysunza Home Team NUMBER1EXPERTS™ in real estate for Salinas, Monterey and Marina, California Read Celeinne Ysunza and The Ysunza Home Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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