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Underwriting
The act of applying formal
guidelines that provide qualitative
and quantitative standards for determining
whether or not a loan should be approved.
Undivided Interest
An ownership right to use and possession
of a property that is shared among
co-owners, with no one co-owner having
exclusive rights to any portion of
the property.
Unencumbered Property
Real estate that is owned free and
clear.
Unrecorded Deed
An instrument that transfers title
from one party (grantor) to another
party (grantee) without providing
public notice of the change in ownership.
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Equal Housing
Opportunity. Equal Opportunity Employer.