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Waiver |
The relinquishing of a right |
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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 |
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Warranty deed |
A document conveying ownership of a property
that guarantees a clear, clean title |
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Will |
A written document stating how an individual
chooses to have his or her property distributed after his or her
death |
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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 |
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Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
What trendy and highly unusual hotel must be totally rebuilt every year?
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| A |
Sweden's popular Ice Hotel, which has 60 double rooms, 25 suites and an interior temperature of 20 degrees, starts melting to the ground in May and is rebuilt every winter. |
 See More Real Estate Trivia > |
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James W. McCormack, Broker, REALTOR, e-PRO, RECS
Help-U-Sell Edge Real Estate
1454 Bethlehem Pike
North Wales, PA 19454
Office: 215-619-0100 ext. 111
Direct: 215-397-5102
jwm@jameswmccormack.com
The James W. McCormack Home Selling Team
James W. McCormack, Broker/Owner, Lead Listing Specialist and Mortgage Consultant
Joseph Hradnansky, Buyer Specialist
James Henshaw, Transaction Manager
James W. McCormack
Broker/Owner, REALTOR, e-PRO, RECS, Real Estate and Mortgage Consultant
Your Personal Real Estate Expert Who Cares About You AND Guarantees it!
James W. McCormack Broker/Owner of Help-U-Sell Edge Real Estate, is an experienced full-time real estate professional serving Bucks County PA and Montgomery County PA. Jim is a graduate of the University of Pennsylvania and Archbishop Ryan High School.
He is a member of the Bucks County Association of Realtors, Pennsylvania Association of Realtors and the National Association of Realtors. Jim McCormack and Help-U-Sell Edge Real Estate are members of the Better Business Bureau.
Jim received a sales award from Help-U-Sell in 2005. He looks forward to helping you buy and sell real estate in Bucks and Montgomery Counties. Jim and his wife, Dawn, lived in North Wales/Montgomery Township from 1999 through 2004. In January 2005 they moved to Quakertown.
Please visit my websites for lots of great real estate related information: www.NorthPennHomes.com, www.BucksMontPA.com and www.JimTheRealEstateExpert.com.
License Jurisdiction: Pennsylvania
Brokerage Company License #: RB063564
Broker of Record: James W. McCormack
Broker of Record License #: RM419403
Company Name: JWM Realty, LLC dba Help-U-Sell Edge Real Estate
Address: 1454 Bethlehem Pike, North Wales, PA 19454
Office Phone: 215-619-0100
   
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