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Real Estate Dictionary: Short Hills, Chatham, Millburn and Summit New Jersey home buying, real estate listings, and homes for sale in Essex, Union, Morris County, NJ

Welcome > Resources > Real Estate Dictionary - A

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
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
Unsecured loan	A loan that is not guaranteed by collateral
Usury	The act of charging more than the maximum rate of interest permitted by law

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Howard Bunn and Cara Moxley, REALTORŽ, real estate agents and broker for Short Hills, Chatham, Millburn and Summit New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Howard Bunn & Cara Moxley
Keller Williams Realty Premier Properties
488 Springfield Avenue
Summit, NJ 07901
Howard Mobile: 973-207-5398
Cara Mobile: 973-479-4488
Fax: 973-376-1088
Office: 973-376-0033, Ext. 120
Email: Cara@BunnMoxleyHomes.com
Email: Howard@BunnMoxleyHomes.com
Whether you are buying, selling, or renting a property, Howard Bunn & Cara Moxley utilize the latest information technologies, market research, and business strategies to exceed all of your expectations. Put our knowledge and experience to work for you and we will find a real estate solution that is right for you. Both Bunn & Moxley are top-producing agents, lifelong area residents, parents of children in the local schools, active in the community and have teamed up to deliver outstanding coverage and service.

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