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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
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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 |
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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