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March 30, 2007

 
1575 Sarno Rd., Melbourne, FL 32935 Phone: (321) 254-1943

 Glossary of Terms

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  • Wainscoting
    Wood paneling, tongue-and-groove boards or similar material installed between a baseboard and a chair rail.

  • Waiver
    A voluntary relinquishing of certain rights or claims.

  • Walk-out basement
    A feature that allows a door to open onto ground level.

  • Walk-through
    A buyer's final inspection of the home to determine if conditions in the purchase agreement have been satisfied.

  • Warranty
    A legally binding promise to do something in the future.

  • Wetlands
    Watery areas such as swamps, marshes and floodplains.

  • Wild deed
    An improperly recorded deed.

  • Will
    The most basic legal document outlining the disposition of a person's estate in the event of death.

  • Window light
    An individual pane of glass.

  • Window seat
    A bench built under an interior window.

  • Window well
    A curved, corrugated steel insert used to isolate basement windows from moisture if they're below the soil line.

  • Window well covers
    Curved plastic covers designed to be installed on top of a window well to cover the opening.

  • 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.