All agents are NOT alike! Find out why we are top real estate experts. Call us: (800)276-2600.

Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >

Coming soon!
Read Quote >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

RE/MAX Action Associates are some of The Top Selling Real Estate Experts™
Find Out More >

Real Estate Dictionary: Western Suburbs, Downers Grove and Oak Brook Illinois home buying, real estate listings, and homes for sale in DuPage County, IL

Welcome > Resources > Real Estate Dictionary - A

Waiver	The relinquishing of a right
Warranty	A guarantee provided to the purchases regarding the quality of appliances or fixtures sold Also a promise by the grantor of a piece of property that he or she is responsible to the buyer if the title of ownership is defect in any way
Warranty deed	A document conveying ownership of a property that guarantees a clear, clean title
Will	A written document stating how an individual chooses to have his or her property distributed after his or her death
Wraparound loan or Wraparound mortgage	A method of refinancing which covers the remaining balance on an existing first mortgage as well as the additional amount of loan being requested by the mortgagor; full payments covering both mortgages are made to the Wraparound mortgagee, who then forwards on the portion of payment due to the first mortgagee

Did We Miss the Word YOU Are Looking For?

Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'll send a brief explanation of any word or term that you encounter when buying and selling property.

Do you have a suggestion of a real estate word that should be included? Let us know! We always appreciate feedback.

Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State:
Country:
Zip/Postal Code:
Phone:
	Additional Info
Ask Your Question Here!
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee >
We Guarantee Your Privacy >
Free & Without Obligation >

See the nation's top rated reports for Schools in Western Suburbs, Downers Grove and Oak Brook >

Coming Soon
Find Out More >

RE/MAX Action Associates, REALTORŽ, real estate agents and broker for Western Suburbs, Downers Grove and Oak Brook Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

RE/MAX Action Associates
RE/MAX Action
Corporate Office 1550 Maple Ave
Lisle, IL 60532
Toll-free: 800-276-2600
Email: garyjacklin@NUMBER1EXPERT.com
RE/MAX Action Associates truly are "Mobile Agents. On The Move!" Ž We are here to serve you every step of the way. RE/MAX Action's state of the art Corporate Office, Home Showrooms and mobile technologies are enabling our RE/MAX Action Team to provide our client's "Above the Crowd" service in their home purchase or sale. It's no wonder RE/MAX Action is the #1 Technology RE/MAX Office in Illinois and was named the RE/MAX Northern Illinois Technology Award winner for 2003 and 2004! Consummate professionals, RE/MAX Associates on average lead agents of competing brands in advanced real estate education and production. That's why they're known as "The Real Estate LeadersŽ" and why no one in the world sells more real estate than RE/MAX.

www.GoChicagolandHomes.net is brought to you by RE/MAX Action Associates
NUMBER1EXPERTS™ in real estate for Western Suburbs, Downers Grove and Oak Brook, Illinois, luxury homes, new construction

Read our Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge