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Real Estate Terms - T
Title InsuranceInsurance written by a title company to protect the property owner against loss if title is imperfect. |
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TownshipA territorial subdivision six miles long, six miles wide, and containing 36 sections, each one mile square. |
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Tract HouseA house similar to other homes within a subdivision and built by the same developer, as opposed to a custom home built to owner specifications. |
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Trust DeedAn 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). |
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TrusteeOne who holds bare legal title to a property in trust for another to secure performance of a debt obligation. |
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