FIND THE DEFINITION FOR ANY REAL ESTATE TERM

Click on the letters above for terms beginning with that letter, and then click on the term below.

Don’t see a term here? Feel free to ask us. (Unfortunately, however, we cannot give you real estate or legal advice.)

WALK-THROUGH – A final tour of a property by a buyer, prior to settlement, to verify that the terms of a sales contract are being met, and that the property is being conveyed to them in satisfactory condition.

WARRANTY DEED – A deed that warrants the title to a property (NOT the condition of the property).  In a GENERAL (or FULL) WARRANTY DEED, the grantor warrants the title all the way back in time.  A SPECIAL WARRANTY DEED only covers the time that the grantor owns the property.

WRAPAROUND – A type of loan where the lender assumes the original loan on a property, plus loans additional money to the borrower. The borrower makes one payment to the lender, and the lender continues to make payments on the original loan.