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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...
| Q |
What five basic components of a "smart home" can be controlled by technology?
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| A |
Lighting and window treatments, security and access control, data communication, environmental/energy management, and audio/video entertainment can all be operated by a "smart home". |
 See More Real Estate Trivia > |
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Greg Tolbert & Tim Tabor
Reece and Nichols Al Elam Real Estate
2860 Bagnell Dam Blvd.
Lake Ozark,
MO 65049
Office -Phone:: 800-356-2311
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Tim Tabor: : 573-480-4464
Fax: : 573-365-2310
Email:: gregtolbert@NUMBER1EXPERT.com
Tim Tabor has been a realtor at the Lake of the Ozarks area since 1978. Greg Tolbert has been a realtor at the Lake of the Ozarks since 1996. With over 48 years of combined service you are guaranteed to get the best!
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