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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 |
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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 |
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Unsecured loan |
A loan that is not guaranteed by
collateral |
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Usury |
The act of charging more than the maximum rate
of interest permitted by law |
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Jim Wilson
Coldwell-Banker/Bud Church Realty
7806 Coastal Highway
Ocean City
MD 21842
Office: 1-800-851-7326
Cell Phone: 410-251-4486
Fax: 410-524-1837
jimandjim@NUMBER1EXPERT.com
Jim Wilson has vacationed in the Ocean City area since 1974. He attended Salisbury University and graduated with a Bachelor of Arts degree. While living on the Eastern Shore since 1997 Jim was recently appointed to the Worcester County Building Code Appeals Board. With the knowledge of the area and enthusiasm of real estate working with me you will have one of the finest realtors on your side.   
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