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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. Fill out the form below for a quick response from us by email. It's free, without obligation, and we guarantee your privacy.
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Linda Risden and The Five Star Team Florida Five Star Realty, Inc. 9900 W. Sample Road, Suite #300 Coral Springs, FL. 33065 Contact Me With Confidence! Office: 954-345-5530 Fax: 954-345-5590 Cell Phone: 954-270-3463 Email: sofloridahomes@NUMBER1EXPERT.com Email: risden@bellsouth.net
Linda specializes in Ft. Lauderdale, Coral Springs, Coconut Creek, Parkland, and Margate. She is well known for producing consistent results, selling homes in an average of under twenty days. With over twenty three years of real estate experience, sellers and buyers are benefited with the vast knowledge and negotiation skills of a true professional. A recipient of one of the most prestigious awards, Linda was honored as being named in the top 100 Agents in Florida. As a member of an elite group of top real estate professionals throughout the Country, Linda can assist in referring customers to the best Realtor in the area. Call Linda today at: 954-345-5530 or 888-320-FIND. 
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