• Skip to main navigation
  • Skip to content
  • Skip to footer

Albuquerque New Mexico Real Estate For SaleAlbuquerque New Mexico Real Estate For Sale

View All homes and real estate for sale in Albuquerque NM UPDATED HOURLY. See pricing & MLS listing details of Albuquerque real estate for sale.

  • HOME
  • SEARCH
  • NEWEST LISTINGS ABQ
  • VIP BUYER GROUP
  • ALBUQUERQUE
  • RIO RANCHO
  • CORRALES
  • EAST MOUNTAINS
  • VALENCIA
  • HOME BUYERS
  • HOME SELLERS
  • LOCAL MARKET REPORTS
  • FREE HOME VALUATION
  • BLOG
  • ABOUT
  • REVIEWS
  • CONTACT
  • (505) 401-7500

Key Real Estate Terms U | Myers & Myers Real Estate

Key Real Estate Terms U

This article provides the definition of key estate terms beginning with the letter U.

Underwater Loan

is a term indicating a higher loan balance than the proceeds available after the sale of the under lying asset.

Underwriter

is in the loan industry is a person working for a lender who reviews a loan application and makes recommendation to the loan committee.

Underwriting

is the analysis of the extent of the risk assumed in the connection with a loan.  Underwriting a loan includes the entire process of preparing the conditions of the loan, determining the borrower’s ability to repay, and subsequently deciding whether to give loan approval.

Undue Influence

is strong enough persuasion to completely over power the free will of another and prevent them from acting intelligently and voluntarily.

Unencumbered Property

is property that is free and clear of any liens or encumbrances.

Unenforceable Contract

is a contract that was valid at the time the contract was executed but either cannot be proved or will not be enforced by a court.

Uniform Settlement Statement

is the standard RESPA Form or HUD 1 required to be given to the borrower, lender, and seller at or before settlement by the settling agent in a transaction covered by the Real Estate Settlement Procedures Act.

Unilateral Contract

is a contract in which one party makes an obligation to perform or not perform without receiving in return any express promise of performance from the other party.

Unimproved Property

is land without buildings, improvements, or streets.

Universal Agent

is a person empowered to do anything the principal could do personally.

Unmarketable Title

is a title to a property that contains substantial defects such as undisclosed encroachment, building code violations, easements, or outstanding dower.

Usury

is the act of charging a rate of interest in excess of that permitted by law.

Myers & Myers Real Estate

We have some of the best in the business. Whether you’re looking to buy house or sell a house, our real estate agents have the knowledge & expertise to get the job done.

Our team is here to help you and make the process as stress free as possible. Myers & Myers Real Estate has been helping home buyers and sellers since 2010.

Customer service is cornerstone to our business, and we’re available to answer your questions. We have top-notch, experienced, knowledgeable Realtors®.

Check out Albuquerque homes for sale. Rio Rancho homes for sale.Corrales homes for sale. East Mountains homes for sale. Valencia County homes for sale. Los Lunas homes for sale.. Call us if you are looking to purchase a new house or to see how we position your home to sell at the best possible price.

Key Real Estate Key Terms W

facebookShare on Facebook
TwitterTweet
FollowFollow us
PinterestSave

About Author

John Myers

John Myers began his real estate career in 2010 and is a top-performing real estate agent. He holds prestigious designations and certifications, including Certified Residential Specialist (CRS), Seller Representative Specialist Designation (SRS), Accredited Buyer’s Representative Designation (ABR), Pricing Strategy Adviser Certification (PSA), Real Estate Investing Certification, Luxury Home Certification (LHC), Short Sale and Foreclosure Resource Certification (SFR), Certified Distressed Property Expert Designation (CDPE), and Certified Investor Agent Specialist Designation (CIAS). These designations & certifications demonstrate his expertise in representing buyers, sellers, and real estate investors.

He also holds a Master’s in Finance from Webster University and a Bachelor of Science in Electrical Engineering from New Mexico State University.

See author's posts

Posted in: Albuquerque, Rio Rancho, Real Estate Key Terms

Post navigation

« Key Real Estate Terms K | Myers & Myers Real Estate
Key Real Estate Terms B | Myers & Myers Real Estate »

Contact Us Now

Myers & Myers Real Estate logo in Albuquerque NM

John Myers, Qualifying Broker
(505) 401-7500
myersandmyersrealestate@gmail.com
License #19085
Business Address:

9550 Elena Dr NE Albuquerque, New Mexico 87122


View Myers & Myers Real Estate on Google

Our Opening Hours

Monday 09:00 AM - 06:00 PM
Tuesday 09:00 AM - 06:00 PM
Wednesday 09:00 AM - 06:00 PM
Thursday 09:00 AM - 06:00 PM
Friday 09:00 AM - 06:00 PM
Saturday 09:00 AM - 06:00 PM
Sunday 09:00 AM - 06:00 PM

Myers & Myers Real Estate

Follow Us

© 2025 · Myers & Myers Real Estate INC. · (505) 401-7500 · Albuquerque NM Homes for Sale
Disclaimer - All Rights Reserved by Myers & Myers Real Estate INC. · Licensed in New Mexico · Albuquerque NM Homes & Real Estate · Sitemap · Listings Sitemap · IDX XML Sitemap · Privacy Policy · Terms of Service · Cookie Policy ·
Log in · Real Estate Website by YourSiteNeedsMe LLC Logo