|
|
|
 |
Loan and Mortgage Terms Glossary |
 |
|
 |
Homeowners' Association:
A nonprofit association that manages the common areas of a planned unit development (PUD) or condominium project. In a condominium project, it has no ownership interest in the common elements. In a PUD project, it holds title to the common elements.
|
|
|
|
|
|
|
| |
