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SiteMap UofAHousing.com
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» Definition - homestead

(1) The house in which a family lives plus any adjoining land and other buildings on that land (2) Land and the improvements thereon designated by the owner as his homestead and therefore protected by state law from forced sale by certain creditors of the owner Homestead protection will not stop foreclosures for deliquent mortgages taxes or mandatory homeowner's association dues.

» Definition - house closing

The final transfer of the ownership of a house from the seller to the buyer which occurs after both have met all the terms of their contract and the deed has been recorded Also known as just closing

» Definition - Housing and Urban Development Deparment of (HUD)

The U.S Department of Housing and Urban Development This is the agency responsible for enforcing the federal Fair Housing Act.

» Definition - HUD

Acronym - Housing and Urban Development.

» Definition - implied warranty of habitability

A legal doctrine that requires landlords to offer and maintain livable premises for their tenants If a landlord fails to provide habitable housing tenants in most states may legally withhold rent or take other measures including hiring someone to fix the problem or moving out See constructive eviction.

» Definition - improvements

Valuable additions to the land such as buildings fences roads etc which increase the value of the property.

» Definition - incidents of ownership

Any control over property If you give away property but keep an incident of ownership--for example you give away an apartment building but retain the right to receive rent-- then legally no gift has been made This distinction can be important if you're making large gifts to reduce your eventual estate tax.

» Definition - income approach to value

An estimate of value based on the monetary returns that a property can be expected to generate; capitalization Contrast with the cost approach to value and the market data approach to value.

» Definition - index

A number usually a percentage upon which future interest rates for adjustable rate mortgages are based.

» Definition - ingress

An entrance or the act of entering Compare egress.

real estate, property, location, building, house, home, condo, duplex, triplex, apartment, rental, tenant, landlord, deposit, maglione, maglione rentals, tucson,

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