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Home Inspection

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A home inspection is a limited, non-invasive examination or inspection of the condition of a home, usually in connection with a sale. Home inspections are conducted by a licensed, qualified inspector. A home inspection is carried out by an objective third party to establish the condition of a property during a real estate transaction.

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Home Owner’s Association (HOA)

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A homeowner’s association, or HOA, is an organization within a subdivision, planned community, or condo building that makes and enforces specific rules for the properties and residents. A homeowner’s association (HOA) is usually found when you purchase a condominium, townhome, or other development property.

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Homeowner’s Insurance

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Homeowner’s insurance is a type of property insurance that covers losses and damages to a house, as well as assets within the home. When you purchase a home, it’s also necessary to purchase homeowner’s insurance to cover any losses or damages you might incur, such as natural disaster, theft, or damage.

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Judicial Foreclosure

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Judicial foreclosures require all foreclosures go through the court system to confirm the debt is in default before putting the property up for auction. The goal of judicial foreclosures is to protect property owners from corrupt lenders.

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Jumbo Loan

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A jumbo mortgage, or jumbo loan, is a home loan for an amount that exceeds the conforming loan limit set on mortgages eligible for purchase by Fannie Mae and Freddie Mac, the government-sponsored enterprises that ultimately buy and administer most single family-home mortgages in the United States.

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