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Waiver |
The relinquishing of a right |
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Warranty |
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 |
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Warranty deed |
A document conveying ownership of a property
that guarantees a clear, clean title |
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Will |
A written document stating how an individual
chooses to have his or her property distributed after his or her
death |
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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 |
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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 |
What is the world's longest frontier?
|
| A |
At 3,987 kilometers (3,987 miles), the border between Canada and the U.S. is the longest in the world. |
 See More Real Estate Trivia > |
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Marcia Wallace
Reece & Nichols
701 NE Woods Chapel
Lees Summit, MO 64064
816-251-1745
Fax: 816-525-5455
marciawallace@NUMBER1EXPERT.com
Marcia has been a licensed Realtor in the state of Missouri since 1995. She has received many awards including the Million Dollar Club and the 5 Star Award for Best in Client Satisfaction 5 out of 5 years. Marcia and her Team are committed to making the home buying and home selling process as smooth as possible. This is only accomplished by attention to detail, cutting edge technology, commitment and utilizing the strengths of each team member. Referrals are her biggest compliment.   
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