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- U-value
- The amount of heat a door or window handles between the inside air and the environment.
- U.S. Department of Housing and Urban Development
- A federal agency that oversees the Federal Housing Administration (FHA) and a variety of housing and community development programs. Also known as HUD.
- unbundled real estate services
- Real estate services that are purchased one transaction at a time.
- underlayment
- A layer of wood between the sub floor and the floor.
- underwriters knot
- A code-approved knot that is tied at the end of an electrical cord to prevent the wires from being pulled away from their connection to electrical terminals.
- underwriting
- The process in which lenders evaluate the risks posed by a particular borrower and set appropriate conditions for the loan.
- underwriting fee
- A fee charged by the lender to verify information on the loan application, authenticate the properties worth as collateral, and make a final determination about whether to grant a loan to the applicant.
- undisclosed heir
- A person who claims the right to a property after the death of an owner who died without leaving a will.
- undisclosed spouse
- A marital partner who can claim the right to a piece of property but is not identified in the owners will.
- unilateral contract
- A one-sided contract where one party makes a promise to do something, the second party is not legally required to perform. However, if the second party does comply, the first party is obligated to keep the promise.
- unrecorded deed
- A deed that transfers ownership from one party to another without being officially recorded.
- unsecured loan
- A loan that is not backed up by collateral.
- upgrades
- Additional options offered to buyers in a new-home project.
- upzoning
- The process in which a property is zoned from a lower to a higher use.
- urban sprawl
- The unplanned expansion of a development.
- usury
- Illegally excessive interest charged on a loan.
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