A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

U

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

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Real Estate Tips Selling Your Home >Full Disclosure If you are about to list a home that you have lived there for many years, you know that it is not perfect. For example, there might be a leak in the basement that is noticeable only after a heavy rain. Your garage door might stick, and the dishwasher may be prone to work stoppages. Every home has a few quirks. When it is time to sell your home, you have a choice of either making the necessary repairs or letting the buyers know about the problems. Material defects must be fully disclosed. Some buyers will order a structural inspection in order to learn exactly what they will be getting. Even if the buyers don't ask for an expert to look at the house, it is the seller's responsibility to disclose any known defects in the property. The seller's agent will provide the disclosure form, wherein the seller may itemize any problems. Sellers may avoid any real estate lawsuits over undisclosed defects by making repairs before the sale or agreeing to a price adjustment during the transaction if defects are discovered. See All Tips In The "Selling Your Home" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  What is the world's largest palace? A  The Imperial Palace (Gugong) in the center of Beijing, China covers over 178 acres and dates back to the early 1400s. See More Real Estate Trivia >

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Betty D. Kerr Keller Williams Realty 435 North Palm Canyon Drive Palm Springs CA 92262 Cellular: (760) 250-9326 E-Mail: BettyDKerr@GMail.com I can handle the most complicated transaction. I work FULL-TIME at my profession. You can always reach me easily and can be assured of a quick, helpful response. You'd be hard pressured to find a REALTOR with a more enthusiastic or positive attitude. I love what I do and let it show. Having people trust me with their single largest asset is a responsibility I take very seriously. I will give you 110% because I know that my success is your satisfaction. While past results may not be the only measure of success when it comes to referring your friends and family, can you think of anything more reassuring to go by? www.bettykerr.com is brought to you by Betty Kerr, real estate for Palm Springs, Palm Desert and Rancho Mirage, Read Betty Kerr's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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