|
All agents are NOT alike! Find out why I am a top Bergen County and Hudson County Real Estate Experts. Call the Zimmer Team at 201-982-2339.
|
Get Free Presentation On My Home Marketing.
Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >
|
"From start to close, Debbie and Sherry were always professional, friendly, and full of useful information.....
Read Quote >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
Sherry Zimmer
are some of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
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 a Word You Are Looking For? Is there a real estate term that I failed to explain here in my dictionary for home buyers 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 or selling property. Do you have a suggestion of a real estate word that should be included? Let me know. I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job to help! I will respond as soon as possible.
| Q |
Due to low business and living expenses, what areas are considered to be the fastest growing in the country?
|
| A |
According to recent studies, the Southern and Western regions of the U.S. are among the nation's strongest economies. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERTS™ 
