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Real Estate Terms - T

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Tight Money

A condition in the money market in which demand for the use of money exceeds the available supply.

Listing Last Modified: Sat Dec 22 2007

 


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Time-share

Shared ownership wherein the owners are allowed limited use of a property.

Listing Last Modified: Sat Dec 22 2007

 


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Title Insurance

Insurance written by a title company to protect the property owner against loss if title is imperfect.

Listing Last Modified: Sat Dec 22 2007

 


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Township

A territorial subdivision six miles long, six miles wide, and containing 36 sections, each one mile square.

Listing Last Modified: Sat Dec 22 2007

 


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Tract House

A house similar to other homes within a subdivision and built by the same developer, as opposed to a custom home built to owner specifications.

Listing Last Modified: Sat Dec 22 2007

 


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Trust Deed

An instrument that conveys legal title of a property to a trustee to be held pending fulfillment of an obligation, usually the repayment of a loan to a beneficiary (lender).

Listing Last Modified: Sat Dec 22 2007

 


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Trustee

One who holds bare legal title to a property in trust for another to secure performance of a debt obligation.

Listing Last Modified: Sat Dec 22 2007

 


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