For homes governed by an HOA, membership in the homeowners association is a condition of purchase; buyer are not permitted to opt-out.
All posts in category Real Estate Definitions
HOA : The Role Of Homeowners Associations In Housing Communities
Posted by Tiffany Taylor on November 5, 2012
http://tiffanytaylormortgageblog.com/2012/11/homeowners-association-hoa.html
Simple Real Estate Definitions : Right To Cancel
Refinancing homeowners are granted a 3-day “cooling off” period.
Posted by Tiffany Taylor on June 28, 2012
http://tiffanytaylormortgageblog.com/2012/06/right-to-rescind-cancel.html
Simple Real Estate Definitions : Home Inspection
A home inspection is a thorough, top-to-bottom check-up of a home’s structure and systems.
Posted by Tiffany Taylor on June 6, 2012
http://tiffanytaylormortgageblog.com/2012/06/real-estate-definitions-home-inspection.html
Simple Real Estate Definitions : Tax And Insurance Escrow
Want a discount on your next mortgage rate? Tell your lender that you’re willing to escrow.
Posted by Tiffany Taylor on December 8, 2011
http://tiffanytaylormortgageblog.com/2011/12/definitions-escrow-tax-insurance.html
What Is Annual Percentage Rate (APR)?
More commonly called APR, Annual Percentage Rate is a government-mandated mortgage comparison tool. It measures the total cost of borrowing over the life of a loan into dollars-and-cents.
Posted by Tiffany Taylor on July 12, 2011
http://tiffanytaylormortgageblog.com/2011/07/what-is-apr.html
Simple Real Estate Definitions : Loan-Level Pricing Adjustments
Loan-level pricing adjustments are mandatory loan fees based on a borrower’s specific default risk.
Posted by Tiffany Taylor on December 16, 2010
http://tiffanytaylormortgageblog.com/2010/12/define-loan-level-pricing-adjustments.html