Glossary |
Terms that are on use on this site.
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| There are 11 entries in the glossary. |
| Pages: 1 |
| U.S. Department. of Housing and Urban De | A federal agency that oversees the Federal Housing Administration and a variety of housing and community development programs. |
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| Underlayment | A layer of wood between the subfloor and the floor. |
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| Underwriting | The process that lenders go through to evaluate the risks posed by a particular borrower and to set appropriate conditions for the loan. |
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| Undisclosed heir | A person who claims the right to a piece of property after the death of an owner without a will. |
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| Undisclosed spouse | An unidentified marital partner who can claim the right to a piece of property. |
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| Unrecorded deed | An unrecorded deed transfers ownership from one party to another without being officially recorded. |
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| Unsecured loan | Any loan that is not backed by collateral. |
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| Upgrades | Options than the standard carpeting, lighting, finish carpentry and other amenities offered to all buyers in a new-home project. |
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| Upzoning | The process in which a property is zoned from a lower to a higher use. |
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| Urban sprawl | The unplanned expansion of development over a large area. |
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| Usury | A reference to illegally excessive interest charged on any loan. |
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