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 Wisconsin Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.   Schools in Appleton, Neenah, Menasha and Greenville

Q  What is considered one of the few remaining tax shelters in the 1990s? A  Homeownership--property taxes on a residence or vacation home are deductible up to $1 million. See More Real Estate Trivia >

Karl Volkman Coldwell Banker The Real Estate Group 1050 North Lynndale Drive Appleton, WI 54914 Tel: 920-993-7311 Fax: 920-968-1167 Email: karl@karlvolkman.com Get to know Karl and you'll soon discover a common thread in all he does. Whether it's in his successful career or his time spent with loved ones, Karl always gives 100 percent of his dedication and enthusiasm. For him, it's simple: when you give your best to what you do, you get more back than you could ever imagine. As the #1 Coldwell Banker Agent in the state of Wisconsin for the 7th consecutive year and #1 Agent for Coldwell Banker-The Real Estate Group for the 7th consecutive year, Karl's 3 decades in the industry, in-depth market knowledge and attention to detail enable him to make your move an enjoyable and successful one. Karl understands what an important time this is in your life. So, when you work with Karl, you can count on his full energy and attention to help you realize your dreams. www.KarlVolkman.com is brought to you by Karl Volkman NUMBER1EXPERTS™ in real estate for Appleton, Neenah, Menasha and Greenville, Wisconsin, Waterfront, New Construction - Residential Read Karl Volkman'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.