HUD -The U.S. Department of Housing and Urban Development – David Reecher This is the agency responsible for enforcing the federal Fair Housing Act Among HUD’s many programs are urban renew...Read More
Homeowners Warranty – David Reecher An insurance policy covering specific future repairs, should they become necessary, for a specific time period. These are often provided by the seller or bui...Read More
Homeowners Insurance – David Reecher The same as hazard insurance. It covers the property mortgaged against loss due to fire, hail, theft, etc. The borrower selects the insurance, and pays the ...Read More
Homeowners’ Association – David Reecher An association with annual dues collected from residents to insure enforcement of any covenants or restrictions that apply to the properties covered. Fo...Read More
Home Inspection – David Reecher An inspection made by a third party (not the buyer or seller) for a statement of condition on the property, i.e. structural and mechanical conditions. Many cont...Read More
Hazard Insurance – David Reecher An insurance policy selected by the borrower to cover the property against loss due to hazards such as fire, hail, etc. The borrower pays an annual premium for th...Read More
Federal Home Loan Mortgage Corporation ( FHLMC – also known as Freddie Mac) – David Reecher A publicly held corporation that buys mortgages and thereby creates a flow of funds to mor...Read More