San Dieguito Escrow Home » Escrow Glossary

Search for glossary terms (regular expression allowed)
Begins with Contains Exact term Sounds like
All A B C D E F G H I J K L M N O P Q R S T U V W Z
Page:  « Prev 1 2 3 4 5 6 7 8 9 10 11... Next »
Term Definition
Hereditaments

Any and all kinds of estates, interest and rights in real estate that can be inherited.

Home Owner's Association

An association of people who own homes in a given area, formed for the purpose of improving or maintaining the quality of the area.

An association formed by the builder of condominiums or planned developments, and required by statute in some states. The builder's participation as well as the duties of the association are controlled by statute.

Homeowners Insurance

Real estate insurance protecting against loss caused by fire, some natural causes, vandalism, etc., depending on the terms of the policy. Also includes coverage such as personal liability and theft away from home.

Homestead

A statutory protection from execution or the establishment of title by occupation of real property in accordance with the laws of various states or the Federal Government.

HUD

Department of Housing and Urban Development. The federal department responsible for the major housing programs in the United States.

Impounds

A trust type of account established by lenders for the accumulation of borrower's funds to meet periodic payments of taxes, mortgage insurance premiums, and/or future insurance policy premiums, required to protect their security.

Indemnity

Insurance against possible loss or damage. A title insurance policy is a contract of indemnity.

Index

An alphabetical listing in the public records of the names of parties to recorded real estate instruments together with the book and page number of the record. The listing in abstract and title plants of recorded real estate instruments in groups according to land descriptions, known as a geographic index. The alphabetical listing in abstract and title plants, by names of the parties, of all recorded instruments that affect but do not describe particular real estate, such as judgments, powers of attorney, wills and probate proceedings. Such indexes are known by various names, such as "general index," "judgment index" and "name index."

Instrument

Any written document having a legal effect.

Internet Data Exchange (IDX)

These websites allow homebuyers to search for information on available properties in a market. Usually the information is more limited than what the searcher could find through the Multiple Listing Service (MLS). Rules about what information can and cannot be displayed by the IDX are set by the local MLS organization.

Intestate

Without leaving a will, or leaving an invalid will so that the property of the estate passes by the laws of succession rather than by the direction of the deceased.

Judgment

The determination of a court regarding the rights of parties in an action. A judgment of debt on a property owner can create a lien on all of that owner's land within a certain jurisdiction.

Jumbo Loan

A loan which is larger (more than $214,600 as of 1/1/97) than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate.

Kickback

A return of a part of a fee - given back because of a confidential agreement or coercion.

Kite Checks

To execute and deliver a check in payment of a debt at a time when the drawer has insufficient money in the bank, but with the intention of making a deposit to cover the shortage before the check is presented for payment.

Page:  « Prev 1 2 3 4 5 6 7 8 9 10 11... Next »
Glossary 2.7 uses technologies including PHP and SQL