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RMI Holdings Team |
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RMI Holdings, LLC |
118 South Cherry Street |
Ocilla, GA 31774 |
Office: 229-468-4070 |
Fax: 229-468-9497 |
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Real Estate Terms Glossary |
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U.S. Department. of Housing and Urban Development (HUD) |
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A federal agency that oversees the Federal Housing Administration and a variety of housing and community development programs. |
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Underlayment |
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A layer of wood between the subfloor and the floor. |
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Underwriting |
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The process that lenders go through to evaluate the risks posed by a particular borrower and to set appropriate conditions for the loan. |
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Undisclosed heir |
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A person who claims the right to a piece of property after the death of an owner without a will. |
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Undisclosed spouse |
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An unidentified marital partner who can claim the right to a piece of property. |
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Unrecorded deed |
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An unrecorded deed transfers ownership from one party to another without being officially recorded. |
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Unsecured loan |
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Any loan that is not backed by collateral. |
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Upgrades |
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Options than the standard carpeting, lighting, finish carpentry and other amenities offered to all buyers in a new-home project. |
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Upzoning |
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The process in which a property is zoned from a lower to a higher use. |
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Urban sprawl |
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The unplanned expansion of development over a large area. |
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Usury |
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A reference to illegally excessive interest charged on any loan. |
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