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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 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. Fill out the form below for a quick response from me by email. It's free, without obligation, and I guarantee your privacy.
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Mark Riggle
RE/MAX Irish Hills
14589 W. US 223
Manitou Beach, MI. 49253
(517) 467-3003
(517) 206-4474
Fax: (517) 467-3006
Email: MarkRiggle@NUMBER1EXPERT.com
I have lived in Southeast Michigan and Northwest Ohio all my life. I have
been a licensed REALTOR since 1978 and have worked in the industry full time
since 1995. The areas surrounding the Irish Hills are among the most
beautiful anywhere, and my love for the lakes and farms is best illustrated
through my business. I have been the number one agent in my company since
1996, and am the top agent in lakefront sales in both Jackson and Lenawee
Counties.* I am involved with my clients personally and am always thrilled
to be part of the realization of their dreams. My dream is to help people
and I believe that dreams are chain reactions, so I put my success to work
in my community. With every one of my transactions, I support Children's
Miracle Network in Southern Michigan. This year I also worked to raise money
for the Komen Race for the Cure to help fund breast cancer research.
Additionally, I work with my church to raise money for our sister church in
Uganda, Africa. I look forward to doing business with you - and for you.   
www.MarkRiggleTeam.com is brought to you by
Mark Riggle
NUMBER1EXPERT™ in real estate for
Irish Hills Area, Brooklyn, Onsted and Manitou Beach, Michigan Read My
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NUMBER1EXPERT®
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All rights reserved. All information deemed reliable but not guaranteed.
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