Frank Williams, Broker Associate, ABR
Phone
(312) 933-8072
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Sudler Sotheby's International Realty
47 West Polk Street
Chicago, IL 60605


 
 
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Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Other
  • Underlayment   A layer of wood between the subfloor and the floor.
  • Underwriting   The process that lenders go through to evaluate the risks posed by a particular borrower and to set appropriate conditions for the loan.
  • Undisclosed heir   A person who claims the right to a piece of property after the death of an owner without a will.
  • Undisclosed spouse   An unidentified marital partner who can claim the right to a piece of property.
  • Unrecorded deed   An unrecorded deed transfers ownership from one party to another without being officially recorded.
  • U.S. Department. of Housing and Urban Development (HUD)   A federal agency that oversees the Federal Housing Administration and a variety of housing and community development programs.
  • Unsecured loan   Any loan that is not backed by collateral.
  • Upgrades   Options than the standard carpeting, lighting, finish carpentry and other amenities offered to all buyers in a new-home project.
  • Upzoning   The process in which a property is zoned from a lower to a higher use.
  • Urban sprawl   The unplanned expansion of development over a large area.
  • Usury   A reference to illegally excessive interest charged on any loan.


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Frank Williams, Broker Associate, ABR
Phone
(312) 933-8072
Sudler Sotheby's International Realty
47 West Polk Street
Chicago, IL 60605
 

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