Word | Definition |
U.S. Department. of Housing and Urban Development | A federal agency that oversees the Federal Housing Administration and a variety of housing and community development
|
Underlayment | A layer of wood between the subfloor and the floor.
|
Underwriting | The process that lenders go through to evaluate the risks posed by a particular borrower and to set appropriate conditions for
|
Undisclosed heir | A person who claims the right to a piece of property after the death of an owner without a will.
|
Undisclosed spouse | An unidentified marital partner who can claim the right to a piece of property.
|
Unmarried | Person that was married and divorced
|
Unrecorded deed | An unrecorded deed transfers ownership from one party to another without being officially recorded.
|
Unsecured loan | Any loan that is not backed by collateral.
|
Upgrades | Options than the standard carpeting, lighting, finish carpentry and other amenities offered to all buyers in a new-home project.
|
Upzoning | The process in which a property is zoned from a lower to a higher use.
|
Usury | A greater payment or return of money than is permitted by law.
|
