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Waiver |
The relinquishing of a right |
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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 |
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Warranty deed |
A document conveying ownership of a property
that guarantees a clear, clean title |
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Will |
A written document stating how an individual
chooses to have his or her property distributed after his or her
death |
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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 |
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Did I Miss the Word YOU Are Looking For?
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. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Fill out the form below for a quick response from me by email. It's free, without obligation, and I guarantee your privacy.
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Ernie Houde
* WEICHERT, REALTORS® - Ernie Houde Associates *
Independently Owned and Operated
Number 'ONE' in New England
127 Lakeside Avenue
Marlborough, MA 01752
Phone: 1-800-969-1922-ext.29
Phone 2: 508-483-5452
Fax: 508-460-6812
Email: ehoude@weichert.com
WEICHERT, REALTORS® - Ernie Houde Associates specializes in residential and commercial Real Estate in the MetroWest, Middlesex County and Worcester County. We make every effort to see that both buyers and sellers who come to us end up with sales or purchases that are fair and in their best interests. We will never inflate a home value to get a listing, then later beat down the price to finally sell the home. Honest business is good business. We believe that "The American Dream" is to own a home. We help people make that dream come true. Buying or selling, we are with you, not only till the closing, but for a lifetime.   
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NUMBER1EXPERT™ in real estate for Marlborough, Hudson and Northborough, Massachusetts also known as Northboro and Marlboro real
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