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Real Estate Dictionary: Morris Township, Madison and Morristown New Jersey home buying, real estate listings, and homes for sale in Morris County, NJ

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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Mary K. Becht, REALTORŽ, real estate agent and broker for Morris Township, Madison and Morristown New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Mary K. Becht
RE/MAX Showcase Realtors
58 Shalebrook Drive
Morristown
NJ, 07960
Phone 1: 973-540-0707
Phone 2: 973-425-9119
Fax: 973-425-0306
Email: marybecht@NUMBER1EXPERT.com
Mary K. Becht has been a real estate professional since 1977 and has lived in her market area for more than 24 years. Mary specializes in Residential Real Estate and Relocation. Marys expert knowledge in a number of Communities will be invaluable to you. Her Market Area covers Morris, Essex, Hunterdon, Somerset, Sussex & Union Counties. In addition, Mary is the mother of 5 & has enjoyed her Family & Community by volunteering her spare time over the years as Boy Scout Chairperson, Soccer Coach, Girl Scout Leader, Parent Teacher Association Helper, Historic Garden Chairperson & other miscellaneous events. Mary states Its a Busy, but Fun and Fulfilling Life!!

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