Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

H

Hazard insurance	Insurance protection for specified losses due to natural causes, such as fire, floods, earthquake, tornadoes, and other "acts of God"
Heir	An individual who will potentially inherit an interest in land from someone who dies
Hiatus	A gap or space between two parcels of lands that is not included in the legal description of either parcel
Home equity line of credit, or Home equity loan	A mortgage loan (usually not the primary mortgage) or line of credit which gives the property owner the option to obtain cash advances from the loan proceeds, using his or her residence as collateral, but which is not to exceed a pre-arranged amount of the owner's total equity in the property
Homeowners' association	A nonprofit association of individual owners of units in a multi-unit structure (either a planned unit development, or a condominium) that manages the common areas of that structure. In a planned unit development (PUD) project, the association holds title to the common elements, whereas in a condominium project, it holds no title to the common elements
Homeowner's insurance	An insurance policy available to residential real estate owners that protects homeowners against financial loss from fire, theft, public liability, and other risks
Homestead	Real estate that is owned and utilized as the primary family residence, protected in some states as exempt from the claims of creditors
Homestead deed	A document filed in the land records asserting a homestead exemption, protecting a variable amount of his assets (depending on which state) against the claims of creditors
Housing ratio, or Debt-to-income ratio	The percentage that results from dividing a borrower's housing expenses by his/her gross monthly income, used by the lender to evaluate an applicant's qualification for a loan
HUD-1 statement	The document used in closing a real estate transaction (also known as a "closing statement" or a "settlement sheet") which itemizes the funds that are payable at closing, including broker commissions, loan costs, and escrow amounts, and which provides a summary of the seller's net proceeds and the buyer's net payment at closing. It is required by the US Department of Housing and Urban Development (HUD) whenever federally-related mortgages are being made on residential properties

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State/Province:
Country:
Zip/Postal Code:
Phone:
	Additional Info
Ask Your Question Here!
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee > Your Privacy Is Guaranteed > Free & Without Obligation >

"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation Florida Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.   Schools in Pinellas County, Pasco County and Hernando County

Q  What is considered the oldest surviving non-native building in the U.S.? A  The governor's palace in Sante Fe, New Mexico, built in 1609, was constructed with materials and methods adapted from the native Indians. See More Real Estate Trivia >

The Preferred Team Keller Williams Realty - Gulf Coast 13800 Park Blvd Seminole, FL 33776 Cell: 727-492-0942 Fax: 727-398-0044 tscheele@kw.com The Preferred Team Motto “Let the Preferred Team Help You Sell or Find Your Preferred Home!” Our Team members have been working, living and enjoying the West Coast Florida for over 30 years. We have watched the Tampa Bay area grow and diversify into a destination spot for travel and easy living. The Preferred Team has invested in the latest technology and continues to maintain our traditional values for an undefeated combination leading to success. We will use our knowledge of the communities in the Tampa Bay area and our expertise in helping you, the customer, in finding the home of your dreams. Remember, “We don’t want to sell you a house; We Want to Help You Find Your Preferred Home!” www.TampaBayFloridaHomes.net is brought to you by The Preferred Team NUMBER1EXPERT™ in real estate for Pinellas County, Pasco County and Hernando County, Florida Read The Preferred Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.