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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
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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 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... |
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Fawn Brents
Kansas City Real Estate, Inc
14 SW 3rd St.
Lee's Summit
MO, 64063
Office: 816-246-7700
Jennifer Dove: 816-260-8884
Fawn Brents: 816-728-8688
John Brents: 816-830-9919
Email: jennifer.dove@gmail.com
Jennifer Dove: jennifer.dove@gmail.com
Fawn Brents is a board-certified Master of Real Estate. She is in the top 1% of Realty Executive agents compared internationally in total sales. She is an experienced expert in residential real estate. Her father was a developer/builder in Lee's Summit and Kansas City for many years. She enjoys one of the lowest time-on-market rates in Jackson County (that means that the statistics prove that her listings sell very fast.)
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