PUD vs. Condo, what’s the difference? » Mortgage Masters Group

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Different residential building types learn the difference between single-family homes, condos, and townhouses, and decide which is right for you. When deciding on the type of home you’d like to purchase, it’s important to know what’s available and envision how your lifestyle and needs might evolve in the next five to ten years.

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What is the difference between a Condo, a PUD, and a Townhome? – A PUD, is a "Planned Unit Development". But the key ingredient is that in a PUD the homeowner owns their own home and the land beneath it. A condo, on the other hand, (short for condominium) may look the same as a PUD, but the homeowner only owns the interior walls and the interior airspace of the home.

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To most home shoppers, a planned unit development (PUD) may look like a single-family home. But the legal structure for a PUD is more similar to that of a condo and can impact the mortgage process.

 · Real Estate Broker vs Agent: The Differences Explained. A real estate agent is anyone who has earned a real estate license. A real estate broker is an agent who has also passed their broker license exam. The primary difference between a real estate agent and broker is that a broker can own a real estate firm or hire agents to work for them.

NH Woman Sued For Planting Flowers In Her Front Yard – Even though she says her builder gave her permission to do a little planting, the current condo board now says she’s in violation. They’re charging the Portsmouth, New hampshire homeowner a day.

DP3 vs. HO3 Homeowners Insurance – Gordon Atlantic. – DP3 vs. HO3. The DP3 refers to an insurance policy covering a residential building, usually rented to others. The HO3 is reserved for homeowners, but not exclusively single-family homes.

Mortgage Masters Group: November 2016 – PUD vs. Condo, what"s the difference?. mortgage masters group nmls branch id#: 373290 Phone 772-340-4003 Email doug@mortgagemastersgroup.com 481 SW Port St. Lucie Blvd. Ste. A Port St. Lucie FL 34953 View my complete profile. blog archive

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