Legal Dictionary

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  • Home Equity Line of Credit

    Home Equity Line of Credit in the context of Real Property See: Equity Line of Credit in this legal Dictionary.

  • Home Financing

    Concept of Home Financing in the context of Real Property A short definition of Home Financing: A banking term for loans to construct or property of no more than 4 units.

  • Home Inspection

    Concept of Home Inspection in the context of Real Property A short definition of Home Inspection: A private company goes through the property being sold and writes a report detailing any structural and/or mechanical problems. If the inspection is a condition of purchase, the buyer may then […]

  • Home Owners’ Association

    Concept of Home Owners’ Association in the context of Real Property Alternatives definitions of Home Owners’ Association: (1) An association of people who own homes in a given area, formed for the purpose of improving or maintaining the quality of the area. (2) An association formed by […]

  • Home Warranty Insurance

    Concept of Home Warranty Insurance in the context of Real Property A short definition of Home Warranty Insurance: Private insurance insuring a buyer against defects (usually in plumbing, heating, and electrical) in the home he has purchased. The period of insurance varies and both new and used […]

  • Homebuyer Education Learning Program)

    Concept of HELP (Homebuyer Education Learning Program) in the context of Real Property A short definition of Help (homebuyer Education Learning Program): An educational program from the FHA that counsels people about the home buying process. Completion of the program may entitle the homebuyer […]

  • Home Equity Conversion Mortgage

    Préstamo hipotecario de conversión del capital acumulado en la vivienda …

  • Homestead Exemption

    Homestead Exemption in the context of Real Property See: Homestead in this legal Dictionary.

  • Homekeeper

    Concept of Homekeeper in the context of Real Property A short definition of Homekeeper: A reverse mortgage loan from the Federal National Mortgage Association for persons 62 and older. The loan is used to purchase a home with a small down payment and no credit and income requirements. The loan […]

  • Homeowner’s Insurance

    Concept of Homeowner’s Insurance in the context of Real Property A short definition of Homeowner’s Insurance: Includes the coverage of Hazard Insurance plus added coverage such as personal liability, theft away from the home (items stolen from the insured’s car), and other such coverage.

  • Home Ownership

    Concept of Home Ownership in the context of Real Property A short definition of Home Ownership: Ownership as opposed to a rental status. See also: Ownership.

  • Homestead

    The home, the house , and the adjoining land where the head of the family dwells. It is the place of residence of a man and his family, where the independence and security of a home may be enjoyed without danger of loss, harassment or disturbance by reason of the improvidence […]

  • Home Owners’ Association

    Concept of Home Owners’ Association in the context of Real Property Alternatives definitions of Home Owners’ Association: (1) An association of people who own homes in a given area, formed for the purpose of improving or maintaining the quality of the area. (2) An association formed by […]

  • Homeowner’s Insurance

    Concept of Homeowner’s Insurance in the context of Real Property A short definition of Homeowner’s Insurance: Includes the coverage of Hazard Insurance plus added coverage such as personal liability, theft away from the home (items stolen from the insured’s car), and other such coverage.