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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 I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property.
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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...
Leona Swanson Lagniappe Realty Company 812 Versailles Blvd Suite B Alexandria, LA 71303 Main Office: 318-448-4400 Cell: 318-447-1935 Adele Sylvia: 318-730-4617 Fax: 318-448-0828 Leona Swanson: leonaswanson@NUMBER1EXPERT.com Adele Sylvia: adele.sylvia@yahoo.com
Leona Swanson has been a full time agent for eighteen years. She loves people and knows her area well. She has obtained her GRI, CRS, and ABR. Leona has
consistently been in the Multi Million Dollar sales category, and has been the top agent for ten years. She delights in finding just the special home that one is looking for. No one else compares to the special, personal attention that Leona provides.
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Alexandria, Louisiana
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