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W - Real Estate Terms Letter W

 

Waive – To relinquish, or abandon; the abandonment of some claim or right.

Warranty Deed – A deed in which the grantor fully warrants a good clear title to the property; a deed that contains covenants title.

Waste – Improper use or damage by one in possession such as tenant or vendee.

Wrap-Around Mortgage – Method of financing in which new mortgages are placed in a secondary position; an all –inclusive mortgage.

Writ Of Execution – A writ or court order authorizing and directing an officer of the court to carry out the judgment or decree of the court.


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