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Real Estate Dictionary: Fairfax, Clifton and Centreville Virginia home buying, real estate listings, and homes for sale in Fairfax County, VA

Welcome > Resources > Real Estate Dictionary - A

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

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The DamonSellsHomes Team
Coldwell Banker Residential Brokerage
At the Crossroads of Northern Virginia
Fairfax Regional Office
4000 Legato Rd., Suite 100 , Fairfax, VA 22033
703-502-8787
888-226-8008
Fax: 703-691-4656
DamonSellsHomes@mris.com
Damon@DamonSellsHomes.com
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Robin, Barbara and I take our professional real estate abilities and attitudes seriously. Yet we create a painless and enjoyable experience working hard for clients like you. We are successful for only one reason: we truly find homes for our clients, not just houses with new addresses. We really do mean it when we say we want the best for you and your family, because family matters. And with us, you have a new family of sorts, your realty family, and we promise to be your best advocates throughout the entire buying and selling process.

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