Browsing Mortgage Glossary by W

"W" arranged inspection and legal definitions of frequently heard property terms you might have run into during a home purchase or by browsing this directory.

Walk Through
The final inspection of a property being sold by the buyer to confirm that any contingencies specified in the purchase agreement such as repairs have been completed, fixture and non-fixture property is in place and confirm the electrical, mechanical, and plumbing systems are in working order.
Warranty Deed
A legal document that includes the guarantee that the seller is the true owner of the property, has the right to sell the property and there are no claims against the property.

"Single Family Buying Glossary." U.S. Department of Housing and Urban Development, n.d. Web. .