Word | Definition |
Wainscoting | Wood paneling, tongue-and-groove boards or similar material installed between a baseboard and a chair rail.
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Waiver | A voluntary relinquishing of certain rights or claims.
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Walk-out basement | A feature that allows a door to open onto ground level.
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Walk-through | A buyer's final inspection of the home to determine if conditions in the purchase agreement have been satisfied.
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Warranty | A legally binding promise to do something in the future.
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Wetlands | Watery areas such as swamps, marshes and floodplains.
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Wild deed | An improperly recorded deed.
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Will | The most basic legal document outlining the disposition of a person's estate in the event of death.
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Window light | An individual pane of glass.
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Window seat | A bench built under an interior window.
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Window well | A curved, corrugated steel insert used to isolate basement windows from moisture if they're below the soil line.
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Window well covers | Curved plastic covers designed to be installed on top of a window well to cover the opening.
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Wraparound mortgage | A loan to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both loans are made to the lender who holds the wraparound loan.
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