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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
Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property.
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Steve Sober, Broker Shenandoah Valley Escapes 505 N. Main St., #104 Woodstock, VA 22664 Please call me direct:: (540) 975-5678 Email: steve@SVEscapes.com web: www.stevesober.com
For Buyers:
Shenandoah Valley Escapes
MRIS ID: 3016750
Broker Code: SHEN1
For Sellers:
ERA Beasley Realty
MRIS ID: 93219
Broker Code: EBR1
Here in the northern Shenandoah Valley of Virginia, amidst the ageless beauty of the Blue Ridge, Massanutten and Allegheny Mountains, people still wave and smile whenever they have an opportunity to express their courtesy.
You'll see that I maintain that smile and work hard to earn them from colleagues, customers and clients. I love to show the area and it is a real pleasure to share my appreciation of the history, beauty and friendliness of the people of the Shenandoah Valley.
If you would like to learn more about real estate in this area, please contact me to see how I might be able to help.
You can find
great local Virginia real
estate information on Localism.com Steve Sober is a proud member of the
ActiveRain Real Estate Network, a free online community to help real estate
professionals grow their business.
- NUMBER1EXPERT™ 
