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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 
Where is the world's largest stained glass window?

A 
The American Airlines terminal at the Kennedy International Airport in New York City has a stained-glass window that is 300 feet long and 23 feet high.
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The Jamie Silverman & Kim Panes Team, REALTOR®, real estate agents and broker for Livingston, Short Hills and Millburn, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

The Jamie Silverman and Kim Panes Team
Weichert Realtors

505 Millburn Avenue
Short Hills NJ 07078
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Office Phone: 973- 376-4545
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Mobile Kim: 201-407-0721
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Fax Kim: 973-255-1050
Email Jamie: sjjsilver@aol.com
Email Kim: kimpanes@gmail.com

With many years of experience in residential real estate, Jamie and Kim are Top Producer Realtors with Weichert Realtors. They specialize in Essex, Union and Morris counties of NJ. Contact us with all your real estate needs.

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