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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
Warranty deed
A document conveying ownership of a property
that guarantees a clear, clean title
Will
A written document stating how an individual
chooses to have his or her property distributed after his or her
death
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
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...
The Driver Team RE/MAX ALL STARS 2845 N. Houston Levee Suite 103 Memphis, TN 38016 DIRECT: 901-674-SOLD (7653) Office: 901-387-1199 Fax:: 901-881-0675 Email: Driverteam@earthlink.net
The Driver Team "At Your Service"
Bob and Rita understand the magnitude of your decision to buy a home. We understand that you have definite ideas about what features you are looking for in a home, and most of all, we understand that your time is valuable. The Driver Team wants your home buying experience to be fun and exciting, and not time consuming.
Our Team works constantly to improve our systems, process and services to go well beyond the standard level of service provided by most agents. Simply put, our objectives are to get your home sold quickly, for the highest price possible and with the least amount of stress. We want to provide the best service available in the industry. We want to make you so satisfied that you listed your home with us that you will gladly refer the Driver Team to your friends, family and business associates.
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Memphis, Tipton County and Fayette County, Tennessee
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