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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 |
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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 |
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Unsecured loan |
A loan that is not guaranteed by
collateral |
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Usury |
The act of charging more than the maximum rate
of interest permitted by law |
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Did We Miss the Word YOU Are Looking For? Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'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 us know! We always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
| Q |
What has a tremendous impact on the U.S. economy, comprising between $10-$15 trillion of the nation's wealth?
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| A |
Real Estate--it goes through cycles, but still has a long-term record of strong investment return. |
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The Realty Quest Team
Realty Quest
117 West Main
Rexburg, ID 83440
Phone : 208.356.8787
Toll Free: 888.212.5700
Fax : 208.356.8798
E-mail: Judy@JudyHobbs.com
As Owner/Broker and Listing Specialist, Judy has made real estate her
passion here in the Upper Valley since 1977. She has had the privilege of working for thousands of buyers and sellers in those years and is still excited every day about serving you. Judy continues to train, re-educate and explore all new tools to be certain you are being served with new technology, while knowing that our job is not houses or dirt - it is people. Client Centered Care is our focus.   
Judy Hobbs is CCIM Certified
www.JudyHobbs.com
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