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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 |
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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 |
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Unsecured loan |
A loan that is not guaranteed by
collateral |
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Usury |
The act of charging more than the maximum rate
of interest permitted by law |
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| Q |
Which home is #1 on the Top 10 list for most-visited Historic Home in the United States?
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| A |
Graceland, the palatial home of Elvis Presley in Memphis, TN, attracts 600,000 visitors a year. |
 See More Real Estate Trivia > |
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Edna D. Lake
Realty Executives
7600 N. 16th St. Suite 100
Phoenix, AZ. 85020
602-861-3300
602-697-4437
Fax: 602-861-3301
Email: ednalake@NUMBER1EXPERT.com
Edna Lake ranks in the top 5% of the Realtors in the Phoenix Metropolitan area. She brings over 20 years of valuable experience to her clients. One of her outstanding accomplishments this year was that she sold a multi million dollar home that is located at the highest elevation on a mountain top, in the exclusive Town of Paradise Valley, Arizona.   
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