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Real Estate Dictionary: Milford, Hartland and Highland Michigan home buying, real estate listings, and homes for sale in Livingston County, MI

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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The Reader Team, REALTORŽ, real estate agent and broker for Milford, Hartland and Highland Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Reader Team
RE/MAX Platinum
11200 Highland Road
Hartland, MI. 48353
Direct: 810-632-7948
Phone 1: 810-632-5050
Phone 2: 800-321-8443
Fax: 810-632-7789
Email: Tige@ReaderTeam.com
Tige Reader is an Associate Broker of RE/MAX Platinum. He is an Accredited Buyer Representative (ABR), a Certified Residential Specialist (CRS), Certified Residential Brokerage Manager (CRB), A Graduate, REALTOR Institute (GRI), a consecutive member of the RE/MAX 100% Club since joining in 1995, a member of the Platinum Club since 2002, a member of The Hall of Fame Club since 2002 and a Lifetime Miracle Member of the Children's Miracle Network. Residential real estate sales are his primary specialty; Commercial real estate sales are his secondary specialty.

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