Maplewood Real Estate Listings, Home buying, Homes for sale and Relocation in the Maplewood New Jersey Area |
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Real Estate DictionaryA 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 WaiverThe relinquishing of a right 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 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 |
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