Use Variance – David Reecher Use variance is the permission to use the land for a purpose which, under the current zoning restrictions, is prohibited....Read More
U.S. Department of Housing and Urban Development (HUD) – David Reecher A federal agency that administers funding for projects related to housing....Read More
Unrelated Business Taxable Income (UBTI) – David Reecher A special federal tax levied on investment income generated from property held in a pension plan in which there is a mortgage. The ...Read More
Unity of Possession – David Reecher Unity of possession occurs when all co-owners have the right to possess any and all portions of the property owned, without physical division....Read More
Underwriting – David Reecher In mortgage lending, underwriting is the decision-making process used to determine whether the loan risk is acceptable to the lender. Underwriting involves the...Read More