A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Hazard Insurance
Insurance on a property against damages caused by fire, wind storms, and similar risks.

Heirs and Assigns
One who might inherit or succeed to an interest in a property under the rules of law applicable when a property owner dies.

Homeowners Association
An association of people who own homes in a given area for the purpose of improving or maintaining the quality of the area.  Typically created by the developer who creates a particular development.

Homeowner's Policy
Insurance policy which expands the insurance for a homeowner. It may include theft, liability, earthquake, etc.

Homeowner's or Maintenance Fees
Payments made by property owner(s) of a condominium or a unit in PUD to the homeowners' association for expenses incurred in upkeep of the common areas.

Housing and Urban Development (HUD)
The federal government agency that oversees FHA.

HUD-1
A closing document required by HUD that outlines the settlement cost of a loan and/or the sale and purchase of real estate. The closing agent generally prepares the document and Buyer and Seller receive it at time the loan is closed.