Thanks for the opportunity to help you! Please do not hestitate to call or write to me (502) 817-3713 or LeeHamilton@Semonin.com
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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 |
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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 |
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Unsecured loan |
A loan that is not guaranteed by
collateral |
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Usury |
The act of charging more than the maximum rate
of interest permitted by law |
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Did We Miss the Word YOU Are Looking For? Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'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 us know! We always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly... |
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Lee Hamilton
Semonin Realtors Chairman's Club
1230 Market Street
La Grange, KY. 40031
Phone: 502-222-2333
Cell: 502-817-3713
Fax: 502 329 5344
Email: leehamilton@NUMBER1EXPERT.com
Lee Hamilton, of Semonin Realtors, achieves results with superior customer service and innovative real estate marketing strategy. A deep knowledge of the Louisville Metro, Oldham and Henry counties and constant monitoring of changes in the real estate industry makes Lee one of the best in the business.   
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