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Anita Kay |
Buyer Tips | Seller Tips | General Tips Real Estate Terms
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 mo 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 ob 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 Copyright © 2000-2003 by Anita Kay, Vista Real Estate,
St. George, Your Southern Utah Real Estate Agent |
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