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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

W

Waiver

The 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

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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Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. 

Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly... 

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Real Estate Trivia
Q 
What structure is regarded as the best surviving example of Pennsylvania Dutch architecture?

A 
The Georg Muller House in Milbach, PA, built in 1752.
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Wendy Thrane, REALTOR®, real estate agent and broker for Front Royal, Shenandoah Valley and Winchester, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Wendy Thrane
Weichert Realtors

West Virginia licensed: Sharon Daniels Broker
824 John Marshall Highway
Front Royal, VA 22630
540-683-1597
Fax: 540-635-1631
WendyThrane@NUMBER1EXPERT.com

Top 5% of Blue Ridge Board of Realtors President's Award 2008, 2009, 2010



Licensed in West Virginia
Sharon Daniels, Broker

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