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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
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.
Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
Geoff is the Principal Broker and owner of Vienna Real Estate. He has been practicing real estate in the Vienna area of Western Fairfax County Virginia since 1993. Prior to opening his own firm he was a Sales Associate with Weichert, Realtors and was a Broker Associate with Re/Max Preferred Properties. Geoff thrives in the highly competitive real estate market of the Vienna area. His positive attitude, determination, and uncompromising loyalty to his clients are unmatched by his peers. Years of training as a Marine Officer and Hall of Fame record as a broker make Geoff the agent of choice in Vienna. As the owner of Vienna Real Estate, Geoff has the creative flexibility to compete with any firm, and has the advantage of specializing in the Vienna area. He is THE Vienna Specialist!
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