Word | Definition |
Waiver | A voluntary relinquishing of certain rights or claims.
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Walk-out basement | A feature that allows a door to open onto ground level.
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Walk-through | A buyer's final inspection of the home to determine if conditions in the purchase agreement have been satisfied.
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Warranty | A legally binding promise to do something in the future.
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Wild deed | An improperly recorded deed.
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Will | The most basic legal document outlining the disposition of a person's estate in the event of death.
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Wraparound mortgage | 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.
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