Definition
Warranty Deed
A deed in which the seller warrants they hold clear title and will defend against claims. Stronger than a quitclaim deed.
Nearby terms
USDA Loan
A government-guaranteed loan offering no down payment in eligible rural and suburban-fringe areas, subject to income limits.
VA Loan
A loan guaranteed by the Department of Veterans Affairs for eligible service members and veterans, offering zero down payment and no monthly mortgage insurance.
Wire Fraud
The interception or spoofing of closing wire instructions to divert funds.
Yield Spread Premium
Compensation historically paid to a broker for delivering a higher-rate loan.
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