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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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The Morris Pyle Team RE/MAX Realty 2000 3218 South 20th Street Fargo, ND. 58104 Morris: 701-238-1652 Michelle: 701-866-3296 Brian: 701-238-6615 Fax: 1-866-872-5877 email: morrispyle@NUMBER1EXPERT.com
Morris Pyle is the most recognized real estate professional in the Fargo-Moorhead area with over 35 years full-time experience as a broker, he is a top producer for the entire region! Being awarded the most Real Estate designations (ABR, CCIM, CRB, CRS, GRI, MIRM) you can trust in The Morris Pyle Team's ability to lead you through your entire real estate transaction – take advantage of our profound knowledge of the area and the profession!
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