| Zero Lot Line |
A term generally used to describe the positioning of a
structure on a lot so that one side rests directly on the lot's boundary line
(no set back). Where allowed by zoning and/or deed restrictions, it is used for
"garden homes". |
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| Zero Point Option |
An option which allows the borrower to not pay the points
associated with the loan origination fee. This savings is offset by a slightly
higher loan interest rate. |
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| Zoning Ordinances |
The acts of an authorized local government establishing
building codes, and setting forth regulations for property land usage. |
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| Zoning |
Procedure that classifies real property for a number of
different users: residential, commercial, industrial, etc., in accordance with
a land-use plan. Ordinances are enforced by a governing body or locality. |