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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Tina M. Deatherage, ABR, GRI, RMM Speckman Realty Inc. - GMAC 612 Armour Rd. Bourbonnais, IL. 60914 Phone: 815-791-5827 Fax: 815-937-4153 Email: Tina@GetMuvn.com
Tina M. Deatherage is among the top real estate agents in a tri-county area, receiving numerous awards at local, state and national levels year after year!! She specializes in both the residential & multi-family properties, helping hundreds of families obtain the "American Dream" of owning a home. So, whether your buying, selling or investing....contact Tina for all your real estate needs and the best professional personalized service!
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