Albuquerque NM Real Estate Key Terms
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 is a full service real estate brokerage located in Albuquerque New Mexico. We help home buyers and home sellers in the Albuquerque metro achieve their real estate goals. Our website has every home for sale in the Southwest Multiple Listing Service. Check out homes for sale in Albuquerque, homes for sale in Rio Rancho, homes for sale in Corrales, homes for sale in East Mountains, homes for sale in Valencia County, and homes for sale in Los Lunas.
