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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

U

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

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

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Real Estate Trivia
Q 
Why is the Terra Amata site in Nice, France famous?

A 
Remains of 21 huts found in 1965 are thought to be the oldest known habitation from the Acheulian culture 400,000 years ago.
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Eileen's Team, REALTOR®, real estate agents and broker for Seattle, Redmond and Bellevue Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

Eileen's RE/MAX Connected Team
RE/MAX Connected

222 Wall Street, #100
Seattle, WA 98121
Cel: (425) 444-8338
Tel: (206) 441-1850
Fax: (206) 441-1853
Email: GoSeattleRealty@NUMBER1EXPERT.com

Eileen and her husband Randy have 5 children and two darling grandchildren, though they are anxiously waiting for more little ones to spoil. Eileen has been a licensed real estate agent for over 28 years, handling both commercial and residential. During this time she also owned 3 very successful restaurants, a boat yard and a marina. She lives in Issaquah and is passionate about homes and real estate. In fact, she is so passionate that she and her son Jon own a development and construction company, as well as her RE/MAX Connected real estate company. Eileen knew early on, that in order to be successful, she would not only need to continue with the quality of service her clients had come to expect but would need to stay abreast of new technologies and developments in the world of computers. Her office is equipped with the most current hardware and software to better service her clients.

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