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Real Estate Dictionary: Richmond real estate, home buying, real estate listings, and homes for sale. Real estate Richmond County, VA, Virginia houeses

Welcome > Resources > Real Estate Dictionary - A

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

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Philip Hoffman, REALTORŽ, real estate agent and broker for Richmond Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Philip Hoffman
RE/MAX Commonwealth
831 Grove Road Suite D
Midlothian, VA. 23114
Phone: 804-794-2662
Toll Free: 800-721-7072
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Email: PhilipHoffman@NUMBER1EXPERT.com
Hello, I am Philip Hoffman Associate Broker with ReMax Commonwealth Group with over 25 years experience servicing Metro Richmond and surrounding areas. Welcome to Philip Hoffman.com -- your leading source for Metro Richmond Virginia and Central Virginia Real Estate information, school information and homes for sale. Servicing Richmond, Henrico, Glen Allen, Short Pump, Chesterfield, Midlothian, Hanover, Powhatan, Louisa, Goochland, New Kent, Chester, Fort Lee and Tri-Cities Area.

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