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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 
Who is considered the world's most renowned living architect?

A 
I.M. Pei who retired in 1991; he earned this status after designing the glass pyramid entrance pavilion to the Louvre in Paris (1989).
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The Bigelow Group, REALTOR®, real estate agents and broker for Owosso, Fenton and Grand Blanc, Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

The Bigelow Group
Keller Williams Realty

11407 S Saginaw St, Grand Blanc, MI 48432
308 W Main St, Owosso, MI 48867
123 River St, Fenton, MI 48430
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