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| Term |
|
Description |
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| Home Equity |
|
The money value of a property or of an interest in a property in excess of claims or liens against
it. |
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| Home Equity Loan |
|
A loan based on how much equity you have in your property. |
|
| Home Fixtures |
|
Appurtenances affixed to buildings or land, usually in such a way that they cannot be moved
without damage to themselves or the property; plumbing, electrical fixtures, fences, trees, shrubbery,
etc. Fixtures are real property. (See also: Fixture) |
|
| Homestead |
|
The home and adjoining land occupied by a family. |
|
| Housing and Urban Development
(HUD) |
|
A U.S. government agency that operates many different housing programs including the FHA
program.
The HUD program is probably one of the best places for real estate investors to find great buys
on foreclosed properties. |
|
| Home Inspections |
|
A home inspection is conducted by an independent authorized inspector. It identifies potential
problems with the property. |
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| Housing Discrimination |
|
Housing discrimination based on your race, color, national origin, religion, sex, family status, or
disability is illegal by federal law. |
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| Hypothecate |
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To pledge as security without delivery of title or possession. |
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