A type of housing project that has five or more individually owned homes and each owner has a share of the common areas
PUDs are generally found in suburban areas. You own your home and the land it’s on, as well as a part of the areas that you share with other home owners, like the grounds and swimming pool. Similar to a condominium, you have to pay an owner’s association monthly fees to maintain the common areas.
Mortgage definitions and Real Estate Terms, Consolidating loans, refinancing mortgages and reverse mortgage process available to anyone. This consumer information site contains several tools and guides to aid in purchasing or refinancing a home or commercial property.
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Tuesday, June 27, 2006
