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Real Estate Dictionary: Colorado Springs, Monument and Woodland Park Colorado home buying, real estate listings, and homes for sale in EL Paso County, CO

Welcome > Resources > Real Estate Dictionary - A

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
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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The Lani Damm Team, REALTORŽ, real estate agents and broker for Colorado Springs, Monument and Woodland Park Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)

The Lani Damm Team
ReMax Properties, Inc.
2630 Tenderfoot Hill St., Suite 100
Colorado Springs, CO 80906
Tel: 719-330-2333
Tel: 719-226-9150
Fax: 719-576-1746
Email: lani.damm@wesellmore.net
Lani Damm received her Bachelor of Science Degree from the University of Nebraska, has a Colorado Teacher's Certification, and is a graduate of the Jones College of Real Estate. She taught in the Colorado Springs schools for many years before becoming a licensed Colorado Broker Associate. She is now working for one of Colorado Springs' most prestigious and productive real estate agencies, ReMax Properties, Inc. and has excelled as one of the agency's top producers during the last five years.

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