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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 we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'll send a brief explanation of any word or term that you encounter when buying and selling property.
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Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
Pam and Barry's Team RE/MAX Professional Realtors 1701 NW Cache Road Lawton, OK. 73507 Direct: 580-248-8800 Toll Free: 800-294-8118 Office: 580-353-7496 Fax: 580-248-8818 Email: pammarion-homes@NUMBER1EXPERT.com
As two of America's NUMBER1EXPERTS™ in the Lawton area, Pam and Barry are well equipped to guide you through all your real estate needs. Honesty, integrity, loyalty and understanding are what make them the TOP RANKED agents in the state of Oklahoma. Pam is a member of the RE/MAX Platinum Club and is a Hall of Fame member, and also a member of Who's Who Among American Business professionals. Pam and Barry have more training than the average real estate agents, and don't cost any more. In fact, their expertise may actually save you time and money when you're buying a home, or increase your profit when you are selling one. Call or email them today!
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Lawton, Elgin and Cache, Oklahoma
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