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Real Estate Glossary > H words > Flashcards

H words Flashcards

1
Q

HighestandBestUse

A

Anappraisalphrasemeaningthatusewhichatthetimeofanappraisalismost likelytoproducethegreatestnetreturntothelandand/orbuildingsoveragivenperiodoftime;that usewhichwillproducethegreatestamountofamenitiesorprofit.Thisisthestartingpointfor appraisal.

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2
Q

HipRoof

A

Aroofwiththeendsinclined,aswellasthesides.

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3
Q

HolographicWill

A

Awillthatishandwrittenandsignedbythetestator.

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4
Q

Homestead(exemption)

A

Astatutoryprotectionofrealpropertyusedasahomefromtheclaimsof certaincreditorsandjudgmentsuptoaspecifiedamount.

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5
Q

HUDFormNo.1

A

AstandardsettlementformrequiredbyRESPA.

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6
Q

Hypothecate

A

Topledgeathingassecuritywithoutthenecessityofgivinguppossessionofit.

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Real Estate Glossary (23 decks)

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