A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

T

Tax sale	A sale of real property ordered by the court in order to raise money to cover delinquent taxes
Tenancy in common	A version of joint tenancy of a property, but without any right of succession by survivorship among the owners
Testate	To die having prepared and left a valid will
Testator	The individual who makes out a last will and testament
Time is of the essence	A condition in a contract requiring the completion of a certain act within a designated period of time
Time-share	A form of ownership interest which allows use of the property only for a fixed or variable period of time
Title	A legal document that evidences a person's ownership of and right to possess a property
Title insurance	Insurance that protects the owner or mortgagee against loss arising from disputes over or defects in the title to a parcel of real estate that arise after ownership has been transferred
Title search	Research into public title records to determine the current status of ownership of a piece of property; a licensed attorney must provide any legal interpretation of the records found
Torrens Title	Now a dated system (only used in a few US states) whereby the court issues a certificate establishing the extent of an individual's estate, including any exceptions noted
Township	A division of land that is six miles square, containing 36 square-mile sections
Tract	A specific parcel of land
Transfer of ownership	Any circumstance in which the ownership of a property changes hands, e.g., via outright, titled purchase, or the assumption of an existing on a property, or possession of the property via a land sales trust, even any transfer of a beneficial interest in the trust
Transfer tax	State or local taxes imposed on a transfer of ownership of real property
Trust	A right to a piece of property that is held for the benefit of another
Trust deed, or a Deed of trust	A written document that grants the trustee the title to a piece of property for the benefit of another, and which gives the trustee the power to sell, mortgage or subdivide the property
Trustee	A party who holds property for the benefit of another
Trustee's deed	A deed conveying land ownership executed by the trustee who holds the land in trust
Trustor	The borrower in a trust loan transaction
Truth-in-Lending	A federal law that requires disclosure by a credit institution or lender of the terms and conditions of a loan or mortgage, including the annual percentage rate and any other charges, to the borrower when they apply for the loan. Also see Regulation Z
Two-step mortgage	An adjustable-rate mortgage that charges a below-market interest rate for a designated number of years (usually 5 or 7) after which the interest rate is adjusted to the current market conditions

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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Real Estate Tips

Curb Appeal >Grooming Your Yard

Does your yard have a freshly-painted fence, a smooth, green lawn and a well-trimmed hedge? A well-groomed yard is one of the most important indicators of proud ownership. Neighborhood pride can pay impressive dividends to homeowners.

Even if you don't plan to move right away, grooming and landscaping your yard could help your neighbors sell their home. Yard work and gardening can be relaxing and rewarding hobbies that can pay off in beautiful flowers--and higher property values. If everyone does their share to make the neighborhood look terrific, the demand for homes like yours will increase among prospective buyers, and nearby homes will also sell for top dollar. When you are ready to sell or refinance, the comparable homes in your neighborhood will support a higher price for your home.

	See All Tips In The "Curb Appeal" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

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Real Estate Trivia

Q	What Newport, Rhode Island mansion was built as a birthday present and incorporates 500,000 cubic feet of white marble?
A	The Vanderbilt Marble House was constructed by railroad baron William K. Vanderbilt for his wife Alva, who later divorced him, remarried and moved into a mansion down the street.
See More Real Estate Trivia >

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Pam & Barry's Team RE/MAX Professional Realtors 3908 NW Elm Ave. Lawton, OK. 73505 Office: 580-248-8800 Toll Free: 800-294-8118 Cell: 580-591-2900 Fax: 580-248-8818 Email: pammarion-homes@NUMBER1EXPERT.com homes@homes-lawton.com As two of America's NUMBER1EXPERTS™ in the Lawton / Ft. Sill area, Pam and Barry and their team are well equipped to guide you through all your real estate needs. Honesty, integrity, loyalty and professionalism are what makes them the TOP RANKED agents and team in the state of Oklahoma and the midhwest United States. Pam and Barry are both members of the RE/MAX Platinum Club and Hall of Fame members, and also are members of Who's Who Among American Business professionals. Pam and Barry have more training and experience than the average real estate agent, and don’t cost a penny more. In fact, their expertise may actually save you time and money when you're buying a home, and maximize your profit when you are selling one. Call or email them today!

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