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Glossary of Real Estate and Legal
Terms and Definitions
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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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Can't find the word or term you are looking for?
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Just let
me know what it is you are looking for and I will be happy to
research the information and get back to you with it. I am
always looking for new information to add to the dictionary so any
request about a word or term is always welcome.
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possibility of living here? No matter where you are in the
relocation process I am here to help you and provide any
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sent to you upon request.). But, no matter how much information is here
for you there are times when you want to talk to an experienced Realtor
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Don't hesitate to contact me with all your questions and I will make
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You can depend on me to make
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