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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 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... |
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Dominic Labriola, Associate Broker / Team Director
Selman & Associates - The Concierge Service Team
387 South Lake Havasu Avenue
Lake Havasu City, Arizona 86403
Toll Free Direct: 888-854-5511
Local Lake Havasu: 928-854-5511
Fax: 928-223-5555
Email: Dominic@TCSTnow.com
Time is the most valuable resource, and we don't want to waste yours. Our team approach allows us to specialize in different areas of the real estate market, enabling us to help you achieve an overall greater experience. When you work with The Concierge Service Team, you don't just get one agent to work for you, you're working with an organized group of professionals who all work for the #1 real estate firm in Lake Havasu City, Selman & Associates Real Estate. Search easy at www.HavasuHomesNow.com - Lake Havasu's Ultimate Home Searching website with Full Details, Large Photos, Maps and Satellite Views. Read our blog updated weekdays at www.HavasuHomeTalk.com. Our area information site www.Havasu-Real-Estate.com has all of our featured homes and a gorgeous slideshow of photos of Lake Havasu City. 
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