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
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...
Sheri & Abe Aruch Welcome Home Realty of Staten Island Inc. 99 Pembrook Loop Staten Island, NY 10309 Direct: 718-989-0298 Fax: 718-228-4011 Sheri & Abe: sheriandabe@aruch.com
Skilled Professionalism with a Personal Touch.
If you are buying or selling a home in Staten Island, finding the right real estate professionals can make all the difference in the world. We think you'll feel confident in our experience and familiarity with the local Staten Island market.
And you'll feel comfortable with our caring attitude and commitment to hard work.
www.SheriandAbe.com is brought to you by
Sheri & Abe Aruch NUMBER1EXPERTS™ in real estate for
Staten Island, New York, First Time Home Buyers
- NUMBER1EXPERTS™ 
