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.
