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.
wallboard Sheets of
compacted gypsum with a paper exterior. Also known as dry wall, sheetrock,
gypsum board, and plaster board.
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warehouse fee A
closing-cost fee representing the lender's cost of holding a borrower's loan
temporarily before it is sold on the secondary mortgage market.
warranty A legally
binding promise to do something in the future.
water table The level
at which the ground is saturated with water.
watt The unit used to
measure the rate at which a device consumes electricity.
weather stripping Individual lengths of rubber or plastic used to plug air leaks
around doors and window frames.
weep holes Spaces or
small openings left in a masonry wall to allow water to drain from behind the
wall.
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Western style A
cabinetry term referring to a style of cabinet with a face frame around the
front opening.
wetlands Watery areas
such as swamps, marshes and floodplains.
wild deed An
improperly recorded deed.
will A legal document
outlining the disposition of a person's estate in the event of his or her
death.
window light An
individual pane of glass.
window seat A bench
built under an interior window.
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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 given to a buyer for the remaining balance on a seller's first mortgage and
an additional amount requested by the seller. Payments on both amounts are made
to the lender who holds the wraparound loan.
