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.
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