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Real Estate Dictionary

Welcome > Resources > Real Estate Dictionary - A

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

U

Underwriting

The process of analyzing a borrower's capability to honor repayment of a loan (evaluating his or her credit, assets, employment) along with the value of the property being purchased, to help minimize the risk involved for the party lending the purchase money

Unilateral contract

A one-sided contract in which only one party is legally under obligation by the terms of the contract; one party promises an action to the second party, who is not legally required to respond, but if the second part does comply, then the first party is obligated to honor the promise made

Unsecured loan

A loan that is not guaranteed by collateral

Usury

The act of charging more than the maximum rate of interest permitted by law

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



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Real Estate Trivia
Q 
What bizarre post-midnight pageant celebrated the great transformation in Manhattan architecture during the 1920s?

A 
Beaux-Arts Architects' Ball (January 23, 1931) at the Hotel Astor commemorated the end of the first skyscraper age.
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Ferguson Realty Group, REALTOR®, real estate agent and broker for Denton and Denton County, Texas home listings, property and land for sale

Brett and Melanie Ferguson
Flex Realty Texas

2106 Southridge Drive
Denton, TX 76205
Office: 972-672-3341
Brett Ferguson: brett@fergusonrealtygroup.com
Melanie Ferguson: melanie@fergusonrealtygroup.com

Ferguson Realty Group.com is dedicated to successfully exceeding the needs of home sellers and home buyers in order to achieve the absolute highest level of client satisfaction; therefore, creating clients for life! Referrals from friends, family, and past clients drive our levels of achievement; therefore, we strive daily to provide over the top service to them in return. Our clients are the reason we are in the business and the only reason we have a business! We want people to think of Ferguson Realty Group when they think of Home! Call Ferguson First!

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