All Posts

Real Estate Terms starting with (W)

The Following are real estate terms and topics: Starting With the Letter (W)

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

Are you confused and overwhelmed by the extensive terms and words used in real estate? Every person working in real estate or planning to buy or sell real estate can benefit from learning some of the terms….

Real Estate Terms W

Real Estate Terms W

Walk-through inspection

A process whereby an appraiser examines a property in preparation for estimating its value. Also, the process of inspecting a property for any damage prior to that property being bought or sold.

Walk-up

Walk-up apartment: an apartment in a building without an elevator.

Wall street mortgages

Cash advances made by stock brokerage houses secured by liens on real estate equities.  Wall street mortgages are junior priority liens.

Warehousing loans

Grouping mortgages into large blocks for sale in the secondary mortgage market.

Waste

The deterioration of real property caused by abusive conduct, such as actual physical damage or excessive deferred maintenance.

Weasel clause

Contingency, contingency clause, escape clause, and subject-to clause.

What-if analysis
The simulation of the outcome of various scenarios and alternatives when changes to the inputs and parameters are done. A what-if analysis is useful if you do not have complete data or if you want to explore the effect of various changes to your income, liabilities, or available funds or to the qualifying ratios or down payment expenses that are used in the analysis.

What-if scenario
A what-if scenario can include changes to monthly income, debts, or down payment funds or to the qualifying ratios or down payment expenses that are used in the analysis. You can use a what-if scenario to explore different ways to improve your ability to afford a house.

Window lot

A subdivision lot of greater value due to its location.

Win-win deal

A real estate deal in which all parties to the transaction receive a good deal, they”walk away happy.”

Without recourse

The form of dealer endorsement on a retail sales contract where liability or loss falls upon the finance source (”lender”). In this instance, the dealer has no obligation, regardless of how the installments may be handled by the borrower throughout the life of the contract.

Working capital

The liquid assets a company has available to build its business and a measure of its efficiency and financial health. Working capital can be positive or negative, depending on how much short-term debt the company is carrying.

Workout

An agreement between a real estate lender and owner, essentially waiving strict enforcement of the financing for a period of time enabling the project to become economically feasible.

Wraparound mortgage, (WAM)

A loan to a buyer for the remaining balance on a seller’s first mortgage and an additional amount requested by the seller. Payments on both loans are made to the lender who holds the wraparound loan.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • Technorati
  • MySpace
  • Yahoo! Buzz

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>