A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
U
U.S. Department. of Housing and Urban Development (HUD) - The federal agency overseeing the Federal Housing Administration and various other housing and community development programs.
Underwriting - The application of formal guidelines that provides specific perameters and standards for determining whether a loan should be approved or not.
Undivided Interest - The ownership right to use and possession of a property that is being shared among multiple co-owners, and no one co-owner having exclusive claim to any portion of the property.
Unencumbered Property - A property owned free and clear.
Unilateral Contract - An obligation accepted by one party contingent on the performance of a second party, but without obligating the second party to perform the specific action.
Unimproved Property - Land that is undeveloped, without construction, and has no site preparation (raw land).
Unrealized Gain - The amount of money of current market value minus cost for an asset that is not sold.
Unrecorded Deed - An instrument that transfers title from one party (grantor) to another party (grantee) without having been recorded, and no public notice of the change in ownership having been made.
Urban Renewal - The redevelopment of deteriorated sections of a city, often by demolition and new construction, can be privately funded, but is usually in association with government renewal programs.
Usufruct - The right to use someone else's property, or income from someone else's property.
Usury - Charging an interest rate exceeding the amount permitted by state law.
Utility Easement - Using another's property to lay water, gas, sewer and/or electric lines.
