Undivided Interest

In real estate law, an undivided interest is a partial ownership interest held by two or more persons in the same property. Each owner has the right to use and possess the entire property, even though their ownership shares may be equal or unequal. An undivided...

Underwriting

In real estate and finance, underwriting refers to the process of evaluating and assuming financial risk in connection with a loan or insurance policy. It involves analyzing the qualifications of a borrower, the value of the property, and other relevant factors before...

Underwriter

In real estate and insurance practice, an underwriter is a person or entity that assumes the risk of insuring another. The underwriter evaluates risk and agrees to provide insurance coverage in exchange for a premium. For example, a smaller title company may issue...

Underlying Financing

In real estate finance, underlying financing refers to an existing mortgage, deed of trust, or contract that remains in place when new security instruments are created on the same property. It represents prior financing that has not been paid off or replaced....