A one-sided contract. If one party makes a promise to do something, the second party is not legally required to perform. If the second party does comply, however, the first party is obligated to keep …
Unrecorded Deed
A deed that transfers ownership from one party to another without being officially recorded. …
Unsecured Loan
Any loan that is not backed by collateral. An unsecured loan is a loan that is not backed up by collateral. Often, loans from family members or pesonal acquaintances are unsecured loans. A gift …
Upgrades
Options offered to buyers in a new-home project that go beyond the standard carpeting, lighting, finish carpentry, and other amenities. …
Tuck-Point
The process of removing old mortar from between bricks and replacing it with new mortar. …
Two to Four Family Property
A piece of property that is owned by one person but provides housing for up to four households. …