The Glossary Mortgage Terminology
Del Financial's Glossary consists of the more commonly used definitions, meanings, and descriptions used within the mortgage and real estate industry. As always, if you have any questions, please call us at (800) 469-5861.
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- Walk Through
- the final inspection of a property being sold by the buyer to confirm that any contingencies specified in the purchase agreement have been completed; fixture and non-fixture property is in place, and confirm the electrical, mechanical, and plumbing systems are in working order.
- Warranty Deed
- a legal document that includes the guarantee the seller is the true owner of the property, has the right to sell the property and there are no claims against the property.
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