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UNDERIMPROVEMENT |
Improvement inadequate to support the highest/best use of the site. May be a structure of lower cost, smaller size, or lesser quality than those typical of the neighborhood. |
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UNDERUTILIZED |
The characteristics of underutilized project lands are: (1) Development of only a small amount of total land; (2) Development behind schedule; (3) Failure to meet annual management objectives; (4) Low or declining public use; (5) Unused recreation facilities. |
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UNDUE INFLUENCE |
Taking any fraudulent or unfair advantage of another's weakness in mind, distress, or necessity. |
| UNDERWRITER | The person who makes the final decision on whether a loan should be granted or not at most mortgage companies |
| UNDIVIDED INTEREST | Ownership of real estate by joint tenants or tenants in common under the same title |
| UPSIDE DOWN HOME | A house that is worth less than what is owed on the mortgage it secures |
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USURY |
On a loan, claiming a rate of interest greater than that permitted by law. |
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UTILITY |
The usefulness of a property; its ability to satisfactorily function for the purpose for which it was intended. |
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UTILIZATION INSPECTION |
An inspection of project lands buildings, and related facilities to determine if the property is being put to optimum use. |
