Glossary of Terms

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



Most terms and definitions have been provided by:

http://realestateglossary.internetcrusade.com
WAIVER
To voluntarily give up or surrender a right.
WAREHOUSING
A term used in financing to describe the process which loan correspondents employ, assembling into one package a number of mortgage loans which the correspondent has originated and selling them in the secondary mortgage market.
WARRANTY
A guaranty by the seller, covering the title as well as the physical condition of the property.
WARRANTY DEED
A deed in which the grantor fully warrants good clear title to the premises. Also called a general warranty deed.
WASTE
An improper use or abuse of property by one in possession of land, who holds less than the fee ownership, such as a tenant, life tenant, mortgagor, or vendee.