Real Estate Markets are very different and many things are handled differently from one state to another. We have assembled a glossary of the most common terms used in the Florida Real Estate Market to assist our American clients and the many international clients from Canada, United Kingdom and other countries across the world.

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Will

A written document legally executed by which an individual disposes of his or her estate, effective after death.

 

Witness

A person who gives testimony, one who observes and attests to the signing or executing of a document

 

Wraparound mortgage

A financing technique in which the payment of the existing mortgage is continued (by the seller) and a new, higher interest rate mortgage, which is larger than the existing mortgage, is paid by the buyer-borrower

 

Writ

A court order directing a party to do a specific act, usually to appear in, or report to. a court of law

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We hope you found the above links useful, and remember, if you have any questions regarding buying or selling your Florida Holiday Home or permanent residence in the Disney Orlando area please contact us - we look forward to your call.