Underlayment : A layer of wood between the subfloor and the floor.
Underwriting : The process that lenders go through to evaluate the risks posed by a particular borrower and to set appropriate conditions for the loan.
Undisclosed heir : A person who claims the right to a piece of property after the death of an owner without a will.
Undisclosed spouse : An unidentified marital partner who can claim the right to a piece of property.
Unrecorded deed : An unrecorded deed transfers ownership from one party to another without being officially recorded.
U.S. Department. of Housing and Urban Development (HUD) : A federal agency that oversees the Federal Housing Administration and a variety of housing and community development programs.
Unsecured loan : Any loan that is not backed by collateral.
Upgrades : Options than the standard carpeting, lighting, finish carpentry and other amenities offered to all buyers in a new-home project.
Upzoning : The process in which a property is zoned from a lower to a higher use.
Urban sprawl : The unplanned expansion of development over a large area.
Usury : A reference to illegally excessive interest charged on any loan.
No comments:
Post a Comment