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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

W

Waiver

The relinquishing of a right

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

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

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 
Where is the world's largest dome?

A 
The Louisiana Superdome, with a diameter of 680 feet, is located in New Orleans, Louisiana.
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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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