320 acres.
HAZARD INSURANCE
Insurance covering damage to a property caused by hazards such as fire, wind
and accident.
HEADER
The framing elements above an opening such as a window or door.
HEARTH
The floor of a fireplace or the area immediately in front of it.
HEIGHT ZONING
A municipal restriction on the maximum height of any building or other structure.
HIDDEN AMENITIES
Assets of a property which contribute to its value, but are not readily apparent.
Examples might include upgraded or premium building materials.
HIGHEST AND BEST USE
The most profitable and likely use of a property. Selected from reasonably
probable and legal alternative uses, which are found to be physically possible,
appropriately supported and financially feasible to result in the highest possible
land value.
HOME EQUITY CONVERSION MORTGAGE (HECM)
Also known as a reverse annuity mortgage. It allows home owners (usually older)
to convert equity in the home into cash. Normally paid by the lender in monthly
payments. HECM's typically don't have to be repaid until the borrower is no longer
occupying the home.
HOME EQUITY LINE OF CREDIT
A type of mortgage loan that allows the borrower to draw cash against the equity in
his home.
HOME INSPECTION
A complete examination of a building to determine its structural integrity and
uncover any defects in materials or workmanship which may adversely affect the
property or decrease its value.
HOME INSPECTOR
A person who performs professional home inspections. Usually, with an extensive
knowledge of house construction methods, common house problems, how to
identify those problems and how to correct them.
HOMEOWNER'S ASSOCIATION
An organization of home owners in a particular neighborhood or development
formed to facilitate the maintenance of common areas and to enforce any building
restrictions or covenants.
HOMEOWNER'S INSURANCE
A policy which covers a home owner for any loss of property due to accident,
intrusion or hazard.
HOMEOWNER'S WARRANTY
An insurance policy covering the repair of systems and appliances within the home
for the coverage period.
HUD MEDIAN INCOME
Median family income for a particular county or metropolitan statistical area (MSA),
as estimated by the Department of Housing and Urban Development (HUD).
HUD-1 STATEMENT
A standardized, itemized list, published by the U.S. Department of Housing and
Urban Development (HUD), of all anticipated CLOSING COSTS connected with a
particular property purchase.
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Each Office Independently Owned and Operated
Information presented on this website is believed reliable but is not guaranteed
Copyright © 2004-2006 All Rights Reserved
CENTURY 21 Lindsey & Pauley
1745 Hwy 53 West · Jasper, Georgia 30143
Office: 706-692-3533 · Fax: 706-692-2366
info@lindseyandpauley.com
2004 CENTURY 21 Real Estate Corporation © and sm trademark and servicemark of
CENTURY 21 Real Estate Corporation. Equal housing opportunity.
