The Real Estate
Encyclopedia: U-Z

What is YNUR in a real estate listing description? Is it a cool new acronym that everyone's talking about? Well... sort of, depending on what "cool" means to you. YNUR is an RMLS field designation indicating that a condominium-related feature or policy can be answered...

A vampire property is a residential property that has gone through foreclosure or has been abandoned by its owner, but is still occupied by former owners, tenants, or other individuals who remain in the home. This puts the property in a sort of "undead" state in which...

New Wholesaler Laws in North Dakota Beginning August 1, 2025, North Dakota expanded its real estate wholesaling law to apply to all real property, rather than only residential real property. Under the revised law, a wholesaler is a person who enters into an agreement...

Wild Deed is a deed that has been recorded but cannot be connected to the property's chain of title. This usually occurs when a deed is recorded before the grantor's own deed has been recorded, or when a prior conveyance was never recorded at all. Because the deed...

Usufruct is a legal right that allows a person to use, possess, and derive benefits from property owned by another person, provided that the property's essential character is preserved. Originating in Roman law, the concept separates the right of ownership from the...

One of the defining characteristics of a zombie title (or zombie foreclosure) is that the owner of the foreclosed home does not realize that they still own the property. Basically, the borrower whose property was foreclosed on assumes that the bank now owns their...

Wet funding is a method of real estate loan closing in which all loan documents are signed, funds are disbursed, and the transaction is completed on the same day. Under this process, the lender provides the loan proceeds immediately after the borrower executes the...

An unparsed address is a real estate data field that contains a property's complete address in a single text string rather than separating its individual components into distinct fields. The unparsed address typically includes elements such as the street number,...

In real estate and land use regulation, zoning is the division of a city or county into designated areas or districts by legislative action. These regulations specify the types of uses that are permitted for real property within each area. Zoning ordinances typically...

In real estate and land use regulation, a zone is a designated area established by local authorities for a specific type of use, such as residential, commercial, or industrial. Zoning divides a community into districts to promote orderly development. Each zone is...