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Real Estate Dictionary: West Austin, Southwest Austin and Lakeway Texas home buying, real estate listings, and homes for sale in Travis County, TX

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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Linda Bishop and The Bishop Team, REALTORŽ, real estate agents and broker for West Austin, Southwest Austin and Lakeway Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Linda Bishop and The Bishop Team
Keller Williams Realty
1801 S. Mopac Expy, Suite 100
Austin, TX. 78746
Phone: 512-794-6655
Fax: 512-329-9288
Email: thebishopteam@NUMBER1EXPERT.com
After working in Real Estate for several years, Bart Harris joined me to form "The Bishop Team". Since that time, we have added a Office/Marketing Manager (Matt Harris), Contract Manager (Margaret Denson), Investment Coordinator/Realtor (Patricia Galvan), Client Care Coordinator (Rebekah Strachn)& Investment/Buyer Specialist (Scott Mays) who bring over 20 years of combined experience. Our Buyer's Specialist's (Troy Cramer, Denise May & Angie Young) round out the group. Becoming a grandmother over was decidedly one of my greatest achievements, but only served to fuel my passion for searching and finding the perfect home for my clients and their families. We cherish our clients because not only do they become our friends, they represent success in our professional life as well. We are humbled and greatly appreciate the opportunity to have you join this great group of people whom I have come to consider "My Team".

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