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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 901-372-9933.

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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 tropical haven is back in vogue, attracting celebrities like Cher, Madonna, and Sylvester Stallone, who have homes here?

A 
Made up of 17 islands in Biscayne Bay, Miami Beach is the "American Riviera" and famous for its tropical beauty.
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Melissa Hayes, REALTOR®, real estate agents and broker for Memphis, Arlington and Collierville Tennessee home listings, property and land for sale - NUMBER1EXPERT(tm)

Melissa Hayes
RE/MAX at Mallard Creek

7556 Highway 70 #201
Bartlett, TN 38133
Tel: 901-372-9933
Fax: 901-387-0346
Email: Teamwork@MelissaHayes.com


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