Real Estate Term of the Day: Department of Housing and Urban Development (HUD)

Real Estate Term of the Day: Department of Housing and Urban Development (HUD) DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (aka: HUD) – a U.S. government agency established to implement certain federal housing and community development programs.  This federal agency attempts to assure decent, safe, and sanitary housing for all Americans, and investigates complaints of discrimination … More Real Estate Term of the Day: Department of Housing and Urban Development (HUD)

Real Estate Term of the Day: Declaration

Real Estate Term of the Day: Declaration DECLARATION (aka: declaration of the CCRs) – a legal document used to create a condominium or community association.  Includes a description of the property/community and the uses to which is restricted, a description of individual ownership units, common areas, and procedures for amending the declaration (Barron’s Dictionary of … More Real Estate Term of the Day: Declaration