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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

U

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

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

Unsecured loan

A loan that is not guaranteed by collateral

Usury

The act of charging more than the maximum rate of interest permitted by law

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Real Estate Trivia
Q 
What 1982 thriller featured a house that was supposedly haunted because it had been built on the site of an ancient burial ground?

A 
Steven Spielberg's "Poltergeist"was filmed in an actual home on Roxbury Street in a normal residential suburb in California's Simi Valley.
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Lynne & Jim Knurr, REALTOR®, real estate agent and broker for Lake Country, Brookfield and Menomonee Falls, Wisconsin home listings, property and land for sale - NUMBER1EXPERT(tm)

G.M. & The Coach
Lynne & Jim Knurr

Coldwell Banker Residential Brokerage
20350 Watertower Blvd.
Brookfield, WI 53045
414-350-8345
Fax: 262-798-8441
lynneknurr@NUMBER1EXPERT.com

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