Steve 248-755-7500 Janet 248-755-7600.

Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >

Steve & Janet worked very hard to sell our home in a depressed market. We thank you both. Very smooth sale and closing.
Read Quote >
View All Quotes >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

The Stockton Team are some of The Top Selling Real Estate Experts™
Find Out More >

Real Estate Dictionary: Commerce, White Lake and Milford Michigan home buying, real estate listings, and homes for sale in Oakland County, MI

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

Did We Miss the Word YOU Are Looking For?

Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'll send a brief explanation of any word or term that you encounter when buying and selling property.

Do you have a suggestion of a real estate word that should be included? Let us know! We always appreciate feedback.

Fill out the form below for a quick response from us by email. It's free, without obligation, and we guarantee your privacy.

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State:
Country:
Zip/Postal Code:
Phone:
	Additional Info
Ask Your Question Here!
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee >
We Guarantee Your Privacy >
Free & Without Obligation >

Elink Computer & Networking Solutions
Complete computer reapir and servicing.
Find Out More >

The Stockton Team, REALTORŽ, real estate agents and broker for Commerce, White Lake and Milford Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

The Stockton Team
RE/MAX 100
26870 Beck Road
Novi, MI 48374
Toll Free: 888-264-7653
248-360-3900
248-755-7500
Fax: 248-360-5158
Email: janet@thestocktonteam.com
Email: steve@thestocktonteam.com
We have become the Lakes Areas top Real Estate team for one reason, and one reason alone: we give each and every one of our clients the loyalty, professionalism, and personal care that we would a member of our own family. Real Estate is a business, to be sure, and because we know it better than any other firm in shouting distance we are able to offer better service through advertising and our negotiating skills. It is true that we have received RE/MAXs highest honor, the prestigious Chairmans Award. But we are even more proud of our most ordinary daily achievement, which is to develop warm, human relationships with our clients in which we personally demonstrate the highest levels of commitment, expertise, and perhaps above all, good timing. We love the Lakes Area and we know it from the inside out. Working together, we promise that you will be delighted not only with the outcome we achieve but the way we have achieved it.

www.thestocktonteam.com is brought to you by The Stockton Team
NUMBER1EXPERTS™ in real estate for Commerce, White Lake and Milford, Michigan, condos, condominiums, and vacant land

Read our Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge