|Bozeman Real Estate Dictionary & Glossary - U
Taunya Fagan Real Estate Glossary and Dictionary of Real Estate Terms Beginning With "U" - Mortgage Glossary and Real Estate Terminology - Terms You May Need to Know When Preparing Your Bozeman Real Estate Transaction
UL (Underwriters Laboratories, Inc.) Label:
Label displayed on packaging to indicate the level of fire and/or wind resistance of asphalt roofing.
Home has an acceptable purchase agreement in place and the transaction awaits final home inspections and the settlement or closing processes.
A layer of wood between the subfloor and the floor.
Person or entity responsible for approving a borrower for a mortgage based on the assessment of the buyer's creditworthiness and risk for the lender.
The process that lenders go through to evaluate the risks posed by a particular borrower and to set appropriate conditions for the loan.
A person who claims the right to a piece of property after the death of an owner without a will.
An unidentified marital partner who can claim the right to a piece of property.
Property that is free of liens and other encumbrances.
Most commonly refers to land without improvements or buildings but also can mean land in its natural state.
An unrecorded deed transfers ownership from one party to another without being officially recorded.
Any loan that is not backed by collateral.
Options than the standard carpeting, lighting, finish carpentry and other amenities offered to all buyers in a new-home project.
The process in which a property is zoned from a lower to a higher use.
The unplanned expansion of development over a large area.
A reference to illegally excessive interest charged on any loan.
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