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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. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
| Q |
Where is the world's largest bridge located?
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| A |
Lake Pontchartrain Causeway at New Orleans, Louisiana is the world's largest bridge. It is almost 24 miles long. |
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The Kite Team Keller Williams Premier Realty 410 Peterson Rd. Libertyville, IL. 60048 Phone: 847-877-9881 Email: Amy@AmyKite.com
Founder of the Kite Team of Keller Williams, Amy Kite specializes in the real estate needs of first-time home buyers, retirees, seniors and military personnel. Areas of expertise include foreclosure prevention, short-sales, new construction, and investment property. For the past three years, Amy has netted 98.7% for her clients of their asking price. For 2007, Amy has netted 99.5% for her sellers of their asking price and her buyers have paid on average 92% of the asking price. Amy Kite is a Top Expert in Lake County area real estate. Amy holds designations in the following: CRS, ABR, e-Pro, SRES, CNHS (Certified New Home Specialist), and CDPE (Certified Distressed Property Expert). 
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