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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 |
What 6,500 seat American theater was the location for the scene where the original 1933 King Kong breaks his chains onstage?
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| A |
The famous Shrine Auditorium in Los Angeles, built by the Shriners in 1906 to resemble an exotic Arabian mosque. |
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The Coveny Team
RE/MAX Prestige
410 Robert Parker Coffin Road
Long Grove, IL. 60047
Phone: 847-634-6300
Fax: 847-634-6266
website: www.covenyhomes.com
efax: 847-665-0403
Email: susan@covenyhomes.com
The Susan Coveny Team assists their clients by focusing on these seven priorites:
1. Providing Quality Service
2. Providing Professional Advice
3. Delivering a Successful Market Plan through Innovation
4. Addressing the Customer's Individual Needs
5. Team Work
6. Meaningful Communication
7. Continual Professionalism
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