Key Real Estate Terms W
This article provides the definition of key estate terms beginning with the letter W.
Walk Through
Warranty
is a promise that certain stated facts are true.
Warranty Deed
is a deed in which the grantor fully warrants good clear title to the premises, also called a general warranty deed.
Water Rights
are common law rights of owners of land adjacent to rivers, lakes, or oceans, and includes restrictions on those rights and land ownership.
Water Table
is the natural level at which the water is located whether it be below the ground or above the ground.
Will
is a written document that is properly witnessed and provides for the transfer of real and personal property owned by the deceased.
Working Capital
is the liquid assets available for the day to day operations of a business.
Work Out Plan
is an attempt by a mortgagee to assist a mortgagor in default to work out a payment plan rather than proceed directly with a foreclosure.
Wrap Around Loan
is a method of financing a property in which the new mortgage is placed in a secondary position. The new mortgage includes both the unpaid principal of the first mortgage and any additional sums are advanced by the lender.
Writ of Execution
is a court order authorizing and directing an officer of the court to levy and sell property of the defendant to satisfy a judgment.
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.
About Author
