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Waiver |
The relinquishing of a right |
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Warranty |
A guarantee provided to the purchases regarding
the quality of appliances or fixtures sold
Also a promise by the grantor of
a piece of property that he or she is responsible to the buyer if the title of
ownership is defect in any way |
|
Warranty deed |
A document conveying ownership of a property
that guarantees a clear, clean title |
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Will |
A written document stating how an individual
chooses to have his or her property distributed after his or her
death |
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Wraparound loan or Wraparound
mortgage |
A method of refinancing which covers the
remaining balance on an existing first mortgage as well as the additional
amount of loan being requested by the mortgagor; full payments covering both
mortgages are made to the Wraparound mortgagee, who then forwards on the
portion of payment due to the first mortgagee |
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Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'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 me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
What is the mysterious American island whose private owners are intent on preserving the ways of early island life?
|
| A |
The Robinson Family, owners of Niihau, Hawaii, have done everything in their power to preserve traditional ways. |
 See More Real Estate Trivia > |
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John Holmes
Keller Williams Fairfax Gateway
12700 Fairlakes Circle, #120
Fairfax, VA. 22033
Phone: 703-906-5494
Fax: 703-222-4181
Email: johnholmes@NUMBER1EXPERT.com
I have been in the Real Estate business for 20 years, working for one of the largest Canadian builders, selling Condo's, Single Family, and Townhomes. Than for seven years I ran real estate developments for the Nations Largest Builder. In 2004 I became the # 1 New Homes Agent in the US with 175 settled homes in one year. So I have had a vast life long experience of building, marketing and selling Homes. Let me put this to work for you!   
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