Alan Cohen, REALTORŽ, real estate agent and broker for Brookline, Newton and Chestnut Hill Massachusetts home listings, property and land for sale - NUMBER1EXPERT(tm)

Real Estate Dictionary: Brookline, Newton and Chestnut Hill Massachusetts home buying, real estate listings, and homes for sale in Norfolk County, MA

Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

U

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

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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Alan Cohen
Hammond Residential GMAC
826 Boylston Street
Chestnut Hill, MA 02467
Voice-Line: 617-796-6166
Office Line: 617-731-4644 ext 302
E-Fax: 617-796-6166
Email: alancohen@rcn.com
Among the area's most prolific and practiced realtors, Alan is also a historic homes marketing specialist. His keen communication, negotiation and visual skills have been refined by many years in real estate and prior experience as a clinical social worker and Children's Museum exhibition developer. During his prior 15-year tenure with Coldwell Banker, Alan was consistently honored among the top 1% of 53,000 national associates. Valued for his market knowledge, attentiveness and reliable counsel, Alan's reputation for dilligence has earned him a strong following among former clients and other real estate professionals who entrust him with their referrals.

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