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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
Will
A written document stating how an individual
chooses to have his or her property distributed after his or her
death
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
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...
I LOVE MY JOB! Plain and simple. I don't have a team, I work alone with excellent systems in place and a great company support staff. I love the one-on-one contact with my buyers and sellers. I've been licensed in Missouri since 1987. I've had 7 corporate moves, living on both the East Coast, the West Coast and places in between. I personally know the challenges and stress involved in moving. My goal is to give my clients the kind of service they expect and deserve to receive -- and to have fun while helping them with their homebuying or homeselling needs!
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Chesterfield, Wildwood and West St. Louis, Missouri
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