Glossary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Other
- Wainscoting Wood paneling, tongue-and-groove boards or similar material installed between a baseboard and a chair rail.
- Waiver A voluntary relinquishing of certain rights or claims.
- Walk-out basement A feature that allows a door to open onto ground level.
- Walk-through A buyer's final inspection of the home to determine if conditions in the purchase agreement have been satisfied.
- Warranty A legally binding promise to do something in the future.
- Wetlands Watery areas such as swamps, marshes and floodplains.
- Wild deed An improperly recorded deed.
- Will The most basic legal document outlining the disposition of a person's estate in the event of death.
- Window light An individual pane of glass.
- Window seat A bench built under an interior window.
- Window well A curved, corrugated steel insert used to isolate basement windows from moisture if they're below the soil line.
- Window well covers Curved plastic covers designed to be installed on top of a window well to cover the opening.
- Wraparound mortgage A loan to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both loans are made to the lender who holds the wraparound loan.
