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Real Estate Dictionary: East Peoria, Peoria, and Morton Illinois home buying, real estate listings, and homes for sale in Tazewell County, IL

Welcome > Resources > Real Estate Dictionary - A

Underwriting	The process of analyzing a borrower's capability to honor repayment of a loan (evaluating his or her credit, assets, employment) along with the value of the property being purchased, to help minimize the risk involved for the party lending the purchase money
Unilateral contract	A one-sided contract in which only one party is legally under obligation by the terms of the contract; one party promises an action to the second party, who is not legally required to respond, but if the second part does comply, then the first party is obligated to honor the promise made
Unsecured loan	A loan that is not guaranteed by collateral
Usury	The act of charging more than the maximum rate of interest permitted by law

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Paul Vinnedge, REALTORŽ, real estate agent and broker for East Peoria, Peoria, and Morton Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Paul Vinnedge, ABR, CNHS and GRI
Jim Maloof, REALTOR
1202 W. Garfield Avenue
Bartonville, IL. 61607
Phone 1: 309-697-3900
Phone 2: 309-633-9126
Fax: 309-633-9100
Email: paulsells-central-il@NUMBER1EXPERT.com
email: paulvinnedge@sbcglobal.net
Paul's Real Estate career started in 1991 and has evolved into a very successful business. He is involved in new construction, relocation, land and investment properties and of course resale homes. Paul's 35 years in the Peoria area give him great knowledge of the area. You will find him outgoing and energetic, with a quick response to your inquiries. Paul recently hired an assistant, Chuck Varnes, to better serve his clients. Chuck has been a life long resident of the Peoria area, and like Paul, is dedicated to helping you with your Real Estate needs. Put this team of professionals to work for you today!

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