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
Did I Miss the Word YOU Are Looking For?
Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Fill out the form below for a quick response from me by email. It's free, without obligation, and I guarantee your privacy.
| Q |
What is the mysterious American island whose private owners are intent on preserving the ways of early island life?
|
| A |
The Robinson Family, owners of Niihau, Hawaii, have done everything in their power to preserve traditional ways. |
 See More Real Estate Trivia > |
|
|
Roddy McCaskill
Roddy McCaskill Team at Keller Williams Realty
1514 Market Street Ste B-100
Little Rock, Arkansas 72211
Office: 501-907-5959
Cell: 501-529-1811
Fax: 501-907-5958
Roddy@RoddyMcCaskill.com
RODDY McCASKILL Team is a full -service real estate company with seven professionals - all are fully licensed REALTORS whose total experience is over fifty-five years in real estate. Each member of The McCaskill Team is highly specialized and trained in specific areas of expertise. This enables our Team to give the highest level of service found in Little Rock real estate!   
www.roddymccaskill.com is brought to you by
Roddy McCaskill
NUMBER1EXPERT™ for
Little Rock Homes for Sale and North Little Rock Homes for Sale, AR, Arkansas Read Roddy McCaskill
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.
|
- NUMBER1EXPERT™ 
