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.
Holographic Will- Will written in the testator's handwriting and not witnessed.
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.
Homeowner's Policy- 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.
Homestead- Tract of land occupied as a family home.
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. The closing agent generally prepares the document and buyer receives it shortly after the loan is closed.
