· Wainscoting Wood
paneling, tongue-and-groove boards or similar material
installed between a baseboard and a chair rail.
· Waiver A
voluntary relinquishing of certain rights or claims.
· Walk-out
basement A feature that allows a door to open
onto ground level.
· Walk-through A
buyer's final inspection of the home to determine if
conditions in the purchase agreement have been
satisfied.
· Warranty A
legally binding promise to do something in the future.
· Wetlands Watery
areas such as swamps, marshes and floodplains.
· Wild
deed An improperly recorded deed.
· Will The
most basic legal document outlining the disposition of a
person's estate in the event of death.
· Window
light An individual pane of glass.
· Window
seat A bench built under an interior window.
· Window
well A curved, corrugated steel insert used to
isolate basement windows from moisture if they're below
the soil line.
· Window
well covers Curved plastic covers designed to
be installed on top of a window well to cover the
opening.
· Wraparound
mortgage A loan to a buyer for the remaining
balance on a seller's first mortgage and an additional
amount requested by the seller. Payments on both loans
are made to the lender who holds the wraparound loan.
