Urban Development Act Of

Definition of "Urban development act of 1970"

Law that provided for federal crime insurance. Because private insurance is not available for business owners and residents of certain high-crime areas, the act provides that the federal insurance administration write the coverage. Private insurers service the program.

Search Real Estate Glossary

Related Real Estate Glossary terms

Expropriation Insurance

Coverage against foreign country expropriation underwritten by the overseas private investment corpo ...

Matured

Describing the time of payment of face amount (face of policy) upon the death of the insured, or whe ...

Index

In real estate, the basis to set an adjustable rate mortgage, such as a 6-month certificate of de ...

Situs

Geographic location of land based on its economic significance. Property values are directly impacte ...

Development

Process of developing an area by planning and building homes, shopping centers, schools or churches. ...

Urban Development Action Grant

It is intended to stimulate private investment in distressed cities and urban counties by providing ...

Related Real Estate FAQ

What Is Disability Insurance?

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

What Is A Mortgage?

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

What Is A Home Warranty?

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

How Much Life Insurance Do I Need?

Every person has a different idea of what financial security means. If so, should happen to you, how ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

How To Choose A Realtor Short Sale Homes Rent or Buy - the pros and cons Tax Breaks for the First Time Home Buyer What is Escrow and how does it Work?

FAQ

What is an adjustable-rate mortgage (ARM)? What is a treasury index? Why should I use a real estate agent? What Will My ARM Loan Payment Be ? What is a point?