"I called an 800# in the newspaper and paid $1.99 to CRN. I got my username and password to go on the internet. I called on a house (condo) listed in the area I wanted. The condo was sold but Paul R. (realtor) directed me to another foreclosed condo. In two weeks I owned the property. Thanks CRN."

- Jeanene S

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Glossary of Terms


We have compiled a list of the most common real estate terms and definitions to assist you in your search for a home. Whether you are a buyer or seller of real estate it is easy to get confused by the language used in real estate transactions. With our comprehensive real estate glossary you can easily navigate through the complicated world of buying and selling a home.

Click in the letter below to see the glossary

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W


walk through
A final inspection of a home before "closing" to look for and document problems that need to be corrected.
wraparound mortgage
A loan given to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both amounts are made to the lender who holds the wraparound loan.