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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.
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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...
Mary Doty The Group Inc. Real Estate 3257 W. 20th Street Greeley, CO 80634 970 304-2144 Direct 970 396-3454 Mobile 970 392-0700 Office 970-392-0373 MaryDoty@NUMBER1EXPERT.com
Mary has lived and worked in Ft. Collins, Loveland, Windsor, and Greeley since 1980. With 11 years experience and hundreds of hours of additional training, Mary has earned her Certified Residential Specialist and Graduate of the Realtor Institute designations, something only 4% of all Realtors in the U.S. have done. Being a Broker Associate/Partner at The Group Inc. Real Estate means there is a whole team of professionals available to make sure you have the best Home Purchasing or Selling experience possible. Quality Service Certified to serve you better.
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