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 West Virginia Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.   Schools in Charles Town WV, Martinsburg WV and Winchester VA

Q  What are considered the ideal conditions for a buyer's market? A  In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices. See More Real Estate Trivia >

Steve Malone Keller Williams Realty, www.kw.com Nancy G. McBride, Broker 815 W. King Street Martinsburg, WV 25401 Office: 304-264-1400 Fax: 304-264-1405 Cell: 304-279-6037 SteveMalone@NUMBER1EXPERT.com I spent 20 years with IBM before joining Keller Williams Realty in our Martinsburg, West Virginia office. "My time in the IT industry was rewarding; however, I was looking for a career where I could help people more directly. I wanted to feel passionate about my job, and I found it at Keller Williams. Whatever stage of life a person is in, the purchase of a new home is a significant event. Whether it's a starter home for a young family, a home sale because of relocation, or that dream home following retirement, buyers and sellers are looking for competent and caring service." My experience with technology-based tools combined with the intensive, ongoing training provided by Keller Williams has been very valuable in fulfilling the needs of my clients. My interpersonal and technology skills enable me to develop 'high touch' relationships with my clients. I manage all the details of your purchase or sale from home search or listing to a successful closing. After the sale, I will always be at your service. I have extensive experience with corporate, government and personal relocation. I have worked with clients throughout the U.S. who have moved to the eastern panhandle of West Virginia www.wvhomesforyou.com is brought to you by Steve Malone NUMBER1EXPERT™ in real estate for Charles Town WV, Martinsburg WV and Winchester VA, West Virginia Read Steve Malone'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.