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Waiver |
The relinquishing of a right |
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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 |
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Warranty deed |
A document conveying ownership of a property
that guarantees a clear, clean title |
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Will |
A written document stating how an individual
chooses to have his or her property distributed after his or her
death |
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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 |
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Did I Miss the Word YOU Are Looking For? 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. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
What is the most expensive piece of property ever recorded?
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| A |
In October 1988, the Mediya Building in central Tokyo was quoted at 358.5 million yen ($248,000) per square foot.
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 See More Real Estate Trivia > |
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Karlen Tinti
Lake and Land Realty
16430 Booker T. Washington Hwy. Suite 17
Moneta, VA 24121
800-861-4224
540-420-4021
540-576-2200
Fax: 540-576-5048
Email: yourlakeconnection@NUMBER1EXPERT.com
I am Karlen Tinti, Associate Broker, with Lake and Land Realty, RELATORS, award winning agent and your FULL time Realtor here at Smith Mountain Lake. I hold a Virginia Broker's license, and I am dedicated to providing the finest service available. Having helped numerous clients purchase property, I go the extra mile to help you achieve your goals. I make it a priority to provide you with up-to-date information regarding local real estate values, taxes, municipal services, and most importantly, local-zoning changes that can influence your real estate choices.
Imagine waking up each morning to a beautiful lake view. I have enjoyed living at Smith Mountain Lake for over ten years. I would welcome the opportunity to show you what this unique area has to offer. Smith Mountain Lake offers a variety of activities that include all types of boating, fishing, swimming, water skiing, parasailing, golf, hunting and more. My specialty is waterfront homes and building sites. For lake living at its best, visit my website and call or email me today for a complete information package on this beautiful lake nestled in the magnificent Blue Ridge Mountains of Virginia.   
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