Real Estate Glossary Better your understanding of the real estate transaction by browsing from A to Z. Or, use the search field to learn about a specific term. H HUD-1 Uniform Settlement Statement A closing statement or settlement sheet that outlines all closing costs on a real estate transaction or refinancing. This provision of homeowners insurance covers damage by fire, wind or other disaster. It is required by all lenders before a loan is approved. Header Crossbeams above windows and doors.
Heat pump An electric cooling and heating system.
The equivalent of 2.471 acres. The concentration of housing units in a specific area or on a specific property. Any building higher than six stories. A pitched roof with sloping sides. The physical rehabilitation of a historic home or building, and the movement of the same name begun in the 1960s in the U.S. to preserve and protect landmarks and urban neighborhoods.