Real Estate Glossary

W

Warranty Deed
A type of deed containing the strongest and most comprehensive promises of further assurance possible for the grantor (seller) to convey to a grantee (buyer).

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.

W2 Form
Income tax form that is provided by employers to employees that states the income and taxes paid in a calendar year.