Igor Real Estate

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You are here: Home / Real Estate Terms / H

H

Hazard insurance

Insurance protection for specified losses due to natural causes, such as fire, floods, earthquake, tornadoes, and other “acts of God”

Heir

An individual who will potentially inherit an interest in land from someone who dies

Hiatus

A gap or space between two parcels of lands that is not included in the legal description of either parcel

Home equity line of credit, or Home equity loan

A mortgage loan (usually not the primary mortgage) or line of credit which gives the property owner the option to obtain cash advances from the loan proceeds, using his or her residence as collateral, but which is not to exceed a pre-arranged amount of the owner’s total equity in the property

Homeowners’ association

A nonprofit association of individual owners of units in a multi-unit structure (either a planned unit development, or a condominium) that manages the common areas of that structure. In a planned unit development (PUD) project, the association holds title to the common elements, whereas in a condominium project, it holds no title to the common elements

Homeowner’s insurance

An insurance policy available to residential real estate owners that protects homeowners against financial loss from fire, theft, public liability, and other risks

Homestead

Real estate that is owned and utilized as the primary family residence, protected in some states as exempt from the claims of creditors

Homesteaddeed

A document filed in the land records asserting a homestead exemption, protecting a variable amount of his assets (depending on which state) against the claims of creditors

Housing ratio, or Debt-to-income ratio

The percentage that results from dividing a borrower’s housing expenses by his/her gross monthly income, used by the lender to evaluate an applicant’s qualification for a loan

HUD-1 statement

The document used in closing a real estate transaction (also known as a “closing statement” or a “settlement sheet”) which itemizes the funds that are payable at closing, including broker commissions, loan costs, and escrow amounts, and which provides a summary of the seller’s net proceeds and the buyer’s net payment at closing. It is required by the US Department of Housing and Urban Development (HUD) whenever federally-related mortgages are being made on residential properties

Your South Bay Real Estate Expert

Specializing in the Hollywood Riviera, Palos Verdes, Redondo Beach, Manhattan Beach & Torrance

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I’ll help sell your current home & find your dream home

When it comes to real estate, my goal is to help you achieve your goal. Whether you want to move-up, scale down or find the ocean-view home you always dreamed of, I listen carefully to your real estate needs and then come up with a strategy to achieve your objectives. But don’t just take my word for it — I encourage you to read the letters written my clients (see the testimonial section on this website). I bring the same honesty, integrity and professionalism I brought to these clients to every transaction. And that’s my personal promise to you!

Igor Nastaskin
Re/Max Palos Verdes Realty
inastaskin02@gmail.com
direct: 310-892-6016
DRE: 0131782
Office
63 Malaga Cove Plaza, Palos Verdes Estates, CA 90274
office: 310-378-9494×2349
fax: 310-378-3818

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