Waive
To voluntarily and intentionally relinquish a known right, claim or privilege.

Warranty Deed
Conveyance of title that contains certain assurances and guarantees by the grantor that the deed conveys a good and unencumbered title.

WLTA
The Wisconsin Land Title Association (WLTA) consists of title abstractors, insurers, and other related land information entities and represents members of the Land Title Companies in Wisconsin .

Wrap-Around Mortgage
A second or junior mortgage with a face value of both the amount it secures and the balance due under the first mortgage. The mortgage under the wrap-around collects a payment based on its face value and then pays the first mortgagee. It is most effective when the first has a lower interest rate than the second, since the mortgagee under the wrap-around gains the difference between the interest rates, or the mortgagor under the wrap-around may obtain a lower rate than if refinancing.