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

W

Waiver	The relinquishing of a right
Warranty	A guarantee provided to the purchases regarding the quality of appliances or fixtures sold Also a promise by the grantor of a piece of property that he or she is responsible to the buyer if the title of ownership is defect in any way
Warranty deed	A document conveying ownership of a property that guarantees a clear, clean title
Will	A written document stating how an individual chooses to have his or her property distributed after his or her death
Wraparound loan or Wraparound mortgage	A method of refinancing which covers the remaining balance on an existing first mortgage as well as the additional amount of loan being requested by the mortgagor; full payments covering both mortgages are made to the Wraparound mortgagee, who then forwards on the portion of payment due to the first mortgagee

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

Real Estate Tips First Time Buyers >Insuring Your Home Many home buyers are concerned about whether they have an insurable interest in the property before the actual closing. The answer is an unqualified "yes". Although the buyer is not yet the recorded owner of the property, he or she has an insurable interest in the property as soon as the agreement of sale is executed by both the buyer and seller. Should you get hazard insurance before the closing? It depends. Buyers do not usually insure a property until the title passes to them from the seller. However, it's wise to know what the agreement between you and the seller stipulates with regard to insurance. Most agreements state that the property will be insured for a specific amount. This is very important to both parties. From the buyer's point of view, it is also critical that an adequate sum or full replacement value be stipulated. Watch out for agreements which read "as now insured". This is an all-too-common practice which usually indicates that the seller does not to want to increase inadequate insurance coverage. See All Tips In The "First Time Buyers" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  What unique type of home is making news as an affordable, environmentally-friendly housing alternative? A  Straw bale homes may well become the non-toxic, affordable home of choice in the future. See More Real Estate Trivia >

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Claudia Hohlt HomesPlus Real Estate Services 19755 Hwy 105 West Montgomery, TX. 77356 Phone: 936-537-1656 Fax: 936-588-3783 Alternate: 936-582-7710 Email: claudia@claudiahohlt.com I am a long time Montgomery County Realtor who is very familiar and committed to this area. If you are considering buying or selling, I have the experience necessary to efficiently and effectively manage the process and help you maximize value in your next real estate transaction. Helping people on the move is my business........ www.ClaudiaHohlt.com is brought to you by Claudia Hohlt, real estate for Lake Conroe, Conroe and Montgomery, Texas Read Claudia Hohlt's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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