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Waiver |
The relinquishing of a right |
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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 |
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Warranty deed |
A document conveying ownership of a property
that guarantees a clear, clean title |
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Will |
A written document stating how an individual
chooses to have his or her property distributed after his or her
death |
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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 |
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Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
|
| A |
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year. |
 See More Real Estate Trivia > |
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Steve Malone
Keller Williams Realty, www.kw.com
Nancy G. McBride, Broker
815 W. King Street
Martinsburg, WV 25401
Office: 304-264-1400
Fax: 304-264-1405
Cell: 304-279-6037
SteveMalone@NUMBER1EXPERT.com
I spent 20 years with IBM before joining Keller Williams Realty in our Martinsburg, West Virginia office. "My time in the IT industry was rewarding; however, I was looking for a career where I could help people more directly. I wanted to feel passionate about my job, and I found it at Keller Williams. Whatever stage of life a person is in, the purchase of a new home is a significant event. Whether it's a starter home for a young family, a home sale because of relocation, or that dream home following retirement, buyers and sellers are looking for competent and caring service."
My experience with technology-based tools combined with the intensive, ongoing training provided by Keller Williams has been very valuable in fulfilling the needs of my clients.
My interpersonal and technology skills enable me to develop 'high touch' relationships with my clients. I manage all the details of your purchase or sale from home search or listing to a successful closing. After the sale, I will always be at your service.
I have extensive experience with corporate, government and personal relocation. I have worked with clients throughout the U.S. who have moved to the eastern panhandle of West Virginia 
 
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