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
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.
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Pacific Ocean Properties, Inc., Kauai's Premier Real Estate Company, provides a full range of real estate brokerage and resort development services. From our prime sales office on the south shore of Kauai on the grounds of the historic Kiahuna Plantation, we specialize in marketing resort properties and residential real estate on Kauai and in the Poipu area. Since 1987 Pacific Ocean Properties has sold over $900,000,000 worth of real estate.
www.kauaiproperty.com
is brought to you by Pacific Ocean Properties NUMBER1EXPERTS™ in
Poipu Kauai Hawaii Real Estate.
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