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WAREHOUSING
- The assembling or pooling of mortgages into a package for
resale in bulk to other lenders as investments.
WARRANTY DEED
- A deed in which the grantor makes five covenants or
warranties to protect the grantee.
WATERCOURSE
- A flowing body of water such as a river, stream, and some
lakes.
WILL
- A document that people prepare to dispose of their property
when they die.
WRAPAROUND MORTGAGE -
Financing property subject to an existing first mortgage.
Usually seller financing in which the seller continues to pay
the first mortgage while receiving payments from the buyer on
the second mortgage. Cannot be done if there is an alienation
clause without the permission of the lender.
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