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Real Estate Dictionary: New Orleans, Metairie and Garden District Louisiana home buying, real estate listings, and homes for sale in Westchester County, Louisiana

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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Miriam Bernstein, REALTORŽ, real estate agent and broker for New Orleans, Metairie and Garden District Louisiana home listings, property and land for sale - NUMBER1EXPERT(tm)

Miriam Bernstein, ABR, CRS, GRI, ePro
RE/MAX N.O. Properties
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New Orleans, LA 70115
Direct: 877-881-0626
Cell: 504-908-2268
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Email: miriam@miriambernstein.com
I have been a full time REALTOR for the past 18 years. I have continued my education and have earned the Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), Senior Real Estate Specialist, Certified New Home Specialist, e-Pro Internet Specialist and the Graduate, Realtor Institute designations. I am a marketing specialist with a substantial internet presence. I also work as a Buyer's Agent. Give a call, no pressure, I promise.

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