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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 |
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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... |
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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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