Homeowner Education

The latest news, tips, and tricks for homeowners

HUD-1 Statement

The HUD-1 statement is a settlement form used to itemize and reconcile all the charges paid by the buyer and seller in purchasing real estate.

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Housing Discrimination

Housing discrimination is the illegal practice of discriminating against buyers or renters of dwellings based on race, color, religion, national origin, sex, family status or

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Home Warranty

If you recently bought a home, chances are you were offered a home warranty. A home warranty is a service contract, not an insurance policy.

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HOA

A homeowners association (HOA) is an organization in a subdivision, planned community or condominium that makes and enforces rules for the properties and their residents.

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Grantor

A grantor refers to a person or institution that conveys ownership of a property. It is also an entity that creates a trust, also known

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Gift Tax

Gift taxes are imposed on money or property transferred from one person to another as a gift. For the purpose of this tax, a gift

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Gift Deed

This is used to convey the title on real property that is given for no consideration or for only a token consideration. In some states,

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