U-value
The amount of
heat a door or window conducts between the inside air and the
environment.U.S. Department of Housing and Urban
Development
Also known as HUD. A federal agency
that oversees the Federal Housing Administration and a variety of housing and
community development programs.
unbundled real estate services
Real estate services not bound together, but purchase transaction
at a time.underlayment
A layer
of wood between the sub-floor and the floor.
underwriters' knot
A
code-approved knot tied at the end of an electrical cord to prevent the wires
from being pulled away from their connection to electrical
terminals.underwriting
The
process in which lenders evaluate the risks posed by a particular borrower and
set appropriate conditions for the loan.
underwriting fee
A
fee charged by the lender to verify information on the loan application,
authenticate the property's worth as collateral, and make a final determination
about whether to grant a loan to the applicant.undisclosed heir
A
person who claims the right to a piece of property after the death of an owner
without a will.
undisclosed spouse
A
marital partner who can claim the right to a piece of property but is not
identified in the owner's will.unilateral contract
A
one-sided contract. If one party makes a promise to do something, the second
party is not legally required to perform. If the second party does comply,
however, the first party is obligated to keep its promise.
unrecorded deed
A
deed that transfers ownership from one party to another without being officially
recorded. |
