There are 21 names in this directory beginning with the letter U.
An improvement which, because of deficiency in cost or size, is not the most profitable use of the land; not the highest and best use.
The act of applying formal guidelines that provides qualitative and quantitative standards for determining whether or not a loan should be approved.
An ownership right to use and possession of a property that is shared among co-owners, with no one co-owner having exclusive rights to any portion of the property.
Exerting excessive pressure on someone so as to overpower the person's free will and prevent him or her from making a ra_tional or prudent decision; often involves abus_ing a relationship of trust.
Uniform Commercial Code
A body of law adopted in slightly varying versions in most states, which attempts to standardize commer_cial law dealing with such matters as negotiable instruments and sales of personal property. Its main applications to real estate law concern se_curity interests in fixtures and bulk transfers.
Uniform Settlement Statement
A settlement statement required for any transaction involv_ing a loan that is subject to the Real Estate Settlement Procedures Act (RESPA).
An obligation given by one party contingent on the performance of another party, but without obligating the second party to perform.
Land that has received no development, construction, or site preparation (raw land).
In appraisal, a method of estimating replacement cost by estimating the cost of each component (foundation, roof, etc.), then adding the costs of all components together.
United States Department of Agriculture Rural Hou
Provides or assists in providing credit to farmers and others in ru_ral areas where reasonable financing from pri_vate sources is unavailable.
An undeserved benefit; a court generally will not allow a remedy (such as forfeiture of a contract for deed) if it would result in the unjust enrichment of one of the par_ties.
A summary legal action to regain possession of real property; especially, a suit filed by a landlord to evict a defaulting tenant.
Process of redeveloping deteriorated sections of the city, often through demolition and new construction, may be privately funded, but most often associated with government renewal programs.
The ability of an item to satisfy some need and/or arouse a desire for possession. In appraisal, one of the four elements of value, with scarcity, demand, and transferability.