Warehousing
The term "Warehousing" may refer to the practice of holding of a mortgage on a short term basis pending either sale to an investor or transfer to other means of long term financing. It may also refer to the process of packaging multiple mortgages of a similar type and size into a single investment unit. |
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Warranty Deed
A seller may offer a formal guarantee that a good title is being conveyed (as opposed to a "quitclaim deed", which contains no representation or warrant as to the quality of title being transferred). |
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Water Rights
A development or community often collectively holds legal title to guarantee of access to a water supply or nearby body of water. |
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Women's Council of Realtors®
The WCR is a subset of the National Association of Realtors (NAR)® that provides educational programs, publications and professional support to women Realtors® engaged in residential brokerage activities. |
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Wrap-Around Loan
Under circumstances where it is not feasible or desirable to pay off a first mortgage, a lender may assume the payments on a borrower's existing loan. The lender will then provide the borrower with a new junior mortgage that has a face value equal to the balance of the first mortgage plus the additional amount to be borrowed. |
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Write-Off
In accounting terms, a "written-off" asset has been determined to be uncollectible and is thus charged as a loss. |
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