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Underwriting |
The process of analyzing a borrower's capability
to honor repayment of a loan (evaluating his or her credit, assets, employment)
along with the value of the property being purchased, to help minimize the risk
involved for the party lending the purchase money |
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Unilateral contract |
A one-sided contract in which only one party is
legally under obligation by the terms of the contract; one party promises an
action to the second party, who is not legally required to respond, but if the
second part does comply, then the first party is obligated to honor the promise
made |
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Unsecured loan |
A loan that is not guaranteed by
collateral |
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Usury |
The act of charging more than the maximum rate
of interest permitted by law |
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Did We Miss the Word YOU Are Looking For? Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let us know! We always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
| Q |
What place is known as "America's Stonehenge"?
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| A |
A 4,000 year-old stone constructed megalithic site located on Mystery Hill in Salem, Massachusetts. |
See More Real Estate Trivia > |
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The Secundy Team - Brad and Amy Secundy Remax Properties 2630 Tenderfoot Hill Street Colorado Springs, CO. 80906 Phone: 719-339-2233 Fax: 719-576-1746 Email: BradSecundy@comcast.net
TOP 20 Top Producers at Remax Properties.Top 30 Listing Agents In Pikes Peak MLS 2005
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