A, A-C, C-F, F-L, L-P, P-T, T-Z

Tax Lien - Lien for nonpayment of taxes.

Tax Sale - Public sale of property at auction by governmental authority, after a period of nonpayment of property taxes.

Tenancy by the Entiret - A form of ownership by husband and wife whereby each owns the entire property. In event of death of one, the survivor owns the property without probate.

Title - Often used interchangeably with the work ownership. It indicates the accumulation of all rights in property, the owner and others.

Title Insurance - An insurance policy which protects the insured (purchaser and lender) against loss arising from defects in title.

Vesting. - Denotes the manner in which title is held. Examples of common vesting are: Community Property, Joint Tenancy and Tenancy in Common 

If reading this article brought up any unanswered questions that you would like answered, please do not hesitate to contact us.

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Mark Linder
New Century Realty Group
Phone: (469)879-2960
Mark@MarkJLinder.com