FIND THE DEFINITION FOR ANY REAL ESTATE
TERM
Click on the letters above for terms beginning with that
letter, and then click on the term below.
Don’t see a term here?
Feel free to ask us. (Unfortunately, however, we cannot give you
real estate or legal advice.)
WALK-THROUGH
– A final tour of a property by a buyer, prior to settlement,
to verify that the terms of a sales contract are being met,
and that the property is being conveyed to them in satisfactory
condition.
WARRANTY DEED
– A deed that warrants the title to a property (NOT the condition
of the property). In a GENERAL (or FULL) WARRANTY DEED,
the grantor warrants the title all the way back in time. A
SPECIAL WARRANTY DEED only covers the time that the grantor
owns the property.
WRAPAROUND
– A type of loan where the lender assumes the original loan
on a property, plus loans additional money to the borrower. The borrower makes one payment to the lender,
and the lender continues to make payments on the original loan.
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