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Waiver |
The relinquishing of a right |
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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 |
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Warranty deed |
A document conveying ownership of a property
that guarantees a clear, clean title |
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Will |
A written document stating how an individual
chooses to have his or her property distributed after his or her
death |
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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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Did We Miss the Word YOU Are Looking For? 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. Do you have a suggestion of a real estate word that should be included? Let us know! We always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly... |
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The Tello Team
Keller Williams Realty, Partners SW
2000 NW 150 Avenue
Suite 2000
Pembroke Pines, Florida 33028
954-237-0600
Fax: 888-599-5719
Email: sold@telloteam.com
Associated with Keller Williams Realty Partners SW in South Broward County, Florida, Chris and Natascha operate their mega agent team here, known as The Tello Team. The Tellos attribute much of their success to their prior careers in the international hospitality industry, giving them the foundation to truly understand the meaning of "beyond your expectation customer service." This is a motto they instill into their business and the members of their team. Chris and Natascha are also fluent in both Spanish and German.   
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