Montclair, Upper Montclair, Glen Ridge and West Orange real estate, luxury properties and unique homes for sale in New Jersey - Roberta Baldwin, REALTOR® Roberta Baldwin REALTOR(r) for real estate, luxury properties and unique homes, in Montclair, Upper Montclair, Glen Ridge and West Orange New Jersey real estate - NUMBER1EXPERT™ Roberta Baldwin NUMBER1EXPERT(tm) for real estate, luxury properties and unique homes, in Montclair, Upper Montclair, Glen Ridge and West Orange New Jersey real estate
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Real Estate Dictionary: Montclair, Upper Montclair, Glen Ridge and West Orange New Jersey home buying, real estate listings, and homes for sale in Essex                          County, NJ
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

I

Impound, or Reserves

The portion of a borrower's monthly payments held by the lender to pay for taxes, hazard and mortgage insurance, lease payments, and other items that will come due

Income approach

The method of estimating the value of a property by calculating its generated income

Income property

Real estate developed for the purpose of generating income

Indemnify

To provide for compensation in the case of loss or damage to property

Indemnity

The statement of terms under which loss or damage to property will be compensated

Index

A published interest rate used by lenders to compare the interest rate for an adjustable-rate mortgage (ARM) with that earned by other investments (e.g., the yield on Treasury bills, interest rate on loans from savings and loans institution, etc.), as a result of which the ARM interest rate is adjusted

Ingress

The right to enter on or over a piece of property

Insurable Title

A property title which an insurance company is willing to insure against possible claim

Installment contract, or Contract for deed

A contract for the sale of real estate whereby the buyer is in possession of the property while paying off the purchase price in periodic installments, despite the title being retained by the seller until the future date of final payment

Insured closing letter

An indemnity provided by a title insurance company to a lender, whereby the title insurance company assumes responsibility in the case that the closing agent does not fulfill the terms of the loan, or misappropriates the loan proceeds

Insured mortgage

A mortgage that is protected by the Federal Housing Administration (FHA) or by private mortgage insurance (MI) so that if the borrower defaults on the loan, the insurer compensates the lender the lesser of the loss incurred or the actual insured amount

Interest rate buydown plan

An arrangement made for the initial years of a mortgage whereby the seller (or any other party) deposits money into an account that is then released toward the monthly payments on the mortgage, thereby bringing the mortgagor's interest rate down below the actual interest rate

Interest rate ceiling

The maximum interest rate for an adjustable-rate mortgage (ARM), as specified in the mortgage note

Interest rate floor

The minimum interest rate for an adjustable-rate mortgage (ARM), as specified in the mortgage note

Interim financing

A temporary or short-term loan, often made during the construction phase of a building project, and usually replaced by a permanent long-term mortgage

In testate

The condition of dying without leaving a will. The description of an estate without a will

Involuntary lien

A claim or charge against property placed without the consent of the property's owner

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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Roberta Baldwin, REALTOR®, real estate agent and broker for Montclair, Upper Montclair, Glen Ridge and West Orange New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Roberta Plutzik Baldwin
RE/MAX Village Square

516 Valley Road
Upper Montclair
New Jersey 07043
Office: 973-509-2222 x 104
Cell: 973-420-9043
Fax: 973-509-7779
robertabaldwin@verizon.net
RPBPhoenix@aol.com

Over the past decade plus, Roberta Baldwin has become one of Essex County's most respected real estate professionals, often quoted in the national media and, in 2007, a featured Realtor on the HGTV show "Bought & Sold". In 2007, The Baldwin Dream Team was a Top 3 RE/MAX team statewide, dollar volume. In 2006 & 2007, The Baldwin Dream Team ranked among the Top 2 producers in RE/MAX Village Square's 5-office network in Essex County, NJ and nationally at the coveted Chairman's Club service level. A recipient of the New Jersey Association of Realtors® Circle of Excellence Sales Award for the past 11 years, Roberta brings a myriad of talents to the job of helping her clients buy and sell homes. In 2003, she was named "Realtor of the Year" by the West Essex Board of Realtors. An award-winning former journalist, author, newspaper editor, marketing and publishing executive, her well-honed organizational, creative, and people skills are brought to bear on every deal she negotiates. She specializes in “staging homes” to give them a marketplace edge and, a such, has been the subject of feature articles in the New York Times, Star Ledger and other area newspapers. As past chair of the West Essex Board of Realtors’ Community Service Committee, she developed Library in a Box, an innovative, award-winning community literacy project bringing new children’s books to area daycare centers and also launched the now-annual "Just Sweaters" campaign for the WEBOR, spearheading the collection of warm garments for charity. A native of Rochester, NY, Roberta is Essex County, NJ's only top real estate producer who has also produced an off-Broadway musical, called (appropriately enough) “Suburb”. As the official biographer of singer Lionel Richie, in late 2004 she appeared as a 'talking head' on E!Entertainment's bio of the Richie family. Roberta is married to biographer and historian Neil Baldwin (please visit him at www.neilbaldwinbooks.com!) They have two grown children -- Allegra, a young executive in the fashion industry, and Nick, a member of The Baldwin Dream Team -- who grew up happily in Montclair and Glen Ridge after spending their earliest years in Brooklyn Heights, NY. In early 2004, Roberta welcomed longtime Montclair resident Tamima Friedman to her real estate team. You may access Tamima and the rest of the team's bios on the "About Me" tab, in the "My Associates Page" at the top of this website's Home Page. Tamima, a former freelance writer and home renovator, spent a decade in the Far East before relocating to Montclair, NJ. The Baldwin Team grew again in 2005, as Nancy S. Chu came to us with a wonderful combination of administrative acumen and creative talent. Nancy was an administrator at NYU Medical Center and a highly-regarded NY theater director prior to joining RE/MAX. She speaks Mandarin Chinese. In 2007, Sidney Simon relocated from Atlanta to join the team after a career career in human resources; Nick Baldwin segued from his personal training business to cover our rental and condo buyers, and Sam Anderson, a well-known local Realtor, became our transaction coordinator and investment and multi-family specialist. The team welcomes buyers from the world over to email or call them to discuss living in Essex County's beautiful towns; local residents are invited to experience the professionalism of The Baldwin Dream Team when they are ready to sell their homes. We are at your service!

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