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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

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

U

Underwriting

The process of analyzing a borrower's capability to honor repayment of a loan (evaluating his or her credit, assets, employment) along with the value of the property being purchased, to help minimize the risk involved for the party lending the purchase money

Unilateral contract

A one-sided contract in which only one party is legally under obligation by the terms of the contract; one party promises an action to the second party, who is not legally required to respond, but if the second part does comply, then the first party is obligated to honor the promise made

Unsecured loan

A loan that is not guaranteed by collateral

Usury

The act of charging more than the maximum rate of interest permitted by law

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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Francesco Mazzaferro, REALTOR®, real estate agent and broker for Jersey City, Weehawken, Hoboken and Union City, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Francesco Mazzaferro
Coldwell Banker Residential Brokerage

100 Washington Street
Hoboken, NJ 07030
Mobile:: 201-410-3020
Office Direct:: 201-533-3070
Fax: : 201-533-3055
E- Fax:: 862-345-1562
FrancescoM@NJDreamHomes.net
FrancescoM@HomesbytheHudson.com

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Real Estate Trivia
Q 
What famous American sign was originally erected as a real estate ad?

A 
The Hollywood sign, built in 1923, was conceived as a real estate ad that originally read, "Hollywoodland."
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