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Term Definition
Wrap-around Mortgage

A method of refinancing in which a second lender assumes payment of the present mortgage and gives the mortagagor an increased mortgage at a higher interest rate. See also "All-Inclusive Deed of Trust."

Writ of Execution

A direct command from the court to the sheriff to carry out the action required in the writ, usually to seize property and sell it to pay a money judgment.

Zone

Area in community set off by the zoning authyority for specified uses, e.g., single-family residence.

Zoning

Laws passed by local governments regulating the size, type, structure, nature and use of land or buildings

Zoning Ordinances

Laws passed by local governments regulating the size, type, structure, nature and use of buildings. Zoning ordinances, often referred to as zoning laws and zoning regulations, are divided into two classes:

Those which regulated the height or bulk of buildings withing certain designated zones or districts - in other words, those which related to structural and architectural design; and those which prescribe the type of buildings which may be constructed and the use to which buildings within certain designated zones or districts may be put.

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