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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

W

Waiver

The relinquishing of a right

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

Warranty deed

A document conveying ownership of a property that guarantees a clear, clean title

Will

A written document stating how an individual chooses to have his or her property distributed after his or her death

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

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 famous American Lady has an arm length of 42 feet?

A 
The Statue of Liberty
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John and Mary Luca, REALTOR®, real estate agents and broker for Hockessin, Wilmington, Newark and Landenberg, PA, Delaware home listings, property and land for sale - NUMBER1EXPERT(tm)

John and Mary Luca
Prudential Fox and Roach

88 Lantana Drive
Hockessin, DE 19707
Main Office: 302-999-9999
Direct Line: 302-999-6966
Fax: 302-397-2440
Email: Homes@TriStateTeam.com

As a licensed Realtor in DE, PA & MD, John's clients benefit from his of attention to detail, derived from his background in Accounting and high-end Customer Service. John's ability to "know" the market, his pleasant & honest demeanor, and his ability to provide our clients with the professional service they desire and deserve, are just a few reasons our clients are happy clients.

As an added benefit for our clients, John is a Member of the Luxury Home Council, which is an elite membership of top real estate agents throughout the United States.

Equal Housing REALTOR


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