Albuquerque Real Estate Glossary U
(Undercoat - Unsecured Loan)
| A3 | A4 | B1
| B2 | B3 | C1
| C2 | C3 | D1
| D2 | E1 | E2
| F1 | F2 | F3
G1 | G2 | H1
| H2 | I1 | I2
| J | K | L1
| L2 | L3 | M1
| M2 | M3 | N
| O1 | O2
| P1 | P2 | Q
| R1 | R2 | S1
| S2 | T1 | T2
| U | V1 | V2
| W1 | W2 | X
| Y | Z
A priming coat of paint.
The first mortgage on a property when other mortgages exist on the same
The process of evaluating a loan application to determine the risk involved
for the lender. Underwriting involves an analysis of the borrower's
creditworthiness and the quality of the property itself.
Fee charged by the lender to do the work to verify information, necessary
to make a decision as to whether or not to approve a loan.
Income received for work not yet finished, such as payment in advance
for contracting work.
One-sided contract where, even if one party makes a promise, the second
party is not legally required to perform, but may do so, thus obligating
the first party.
Increase in the value of property while it is being held. Gain is only
realized upon sale.
Deed transferring ownership from one person to another but that is not
A loan that is not backed by collateral.