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Real Estate Dictionary: Avon, Avon Lake, Bay Village, and Westlake Ohio home buying, real estate listings, and homes for sale in Lorain County, OH

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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The Kodger Team, REALTOR®, real estate agents and broker for Avon, Avon Lake, Bay Village, and Westlake Ohio home listings, property and land for sale - NUMBER1EXPERT(tm)

The Kodger Team
RE/MAX Homeward Bound
Toll Free: 888-309-8326
Office: 440-933-8326
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The Kodger Team is Lorain County Ohio's leading Real Estate Team! Ken and Lois Kodger have been involved in the sale of more re-sale homes within our market area than any other Realtor or team over the past twenty years! Remember, EXPERIENCE COUNTS!! There is a difference in Realtors and the services rendered! Written and guaranteed marketing plans that work set us apart! Contact us to satisfy your North Coast real estate needs! We also donate a portion of our commission to the Children's Miracle Network-with those proceeds going to Rainbow Babies and Children's Hospital! We have lived 95% of our lives in North Olmsted, Ohio; Bay Village, Ohio; Rocky River, Ohio; Avon Lake, Ohio and Fairview Park, Ohio so we are exceptionally familiar with our market area! Call us for a free consultaion!

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