Warranty at Real Estate Glossary
What is it? A legally binding promise to do something in the future.Real Estate Definition Added By: Ryan
The Warranty definition has been viewed 230 Time(s)!
Send To Friends!
If you'd like to send the Warranty definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Warranty. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Real Estate Terms:
Real Estate Term Third Party Originator is Third-party originators prepare loan applications for borrowers and submit the applications to lenders.Real Estate Term Release is Any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, or disposing into the environment of a hazardous or toxic chemical or extremely hazardous substance.
Real Estate Term Damper is A movable plate in a fireplace that allows smoke and fumes to travel up the chimneys flue.
Real Estate Term Annual mortgagor statement is A yearly statement to borrowers that details the remaining principal and amounts paid for taxes and interest.
Real Estate Term Fair Debt Collection Practices Act. is A federal law passed in 1977 which outlaws debtor harassment and other types of collection practices. The act regulates collection agencies, original creditors who set up a separate office to collect debts, and lawyers hired by the creditor to help collect overdue bills. An original creditor--the company or individual that originally granted the credit--is not covered by the act, but may be covered by similar measures approved by state governments.