Planned Urban Development {PUD}- a Coordinated, real estate
development where common areas are shared and maintained by an owner’s
association or other entity.Co-Operative {Co-Op}- A form of ownership where
each resident of a multi-unit property
owns a share in a corporation that owns the building; with each resident
having rights to a specific unit within the building. Condominium {Condo}- A development where
individual units are owned , but common areas and amenities are shared
equally by all owners. Call us at Consumer Mortgage with any questions on
mortgages or real estate 757-552-7000
or 1-800-882-0066.
