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TAX SALE |
A sale of property after a period of
non-payment of taxes. |
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TENANCY IN COMMON |
Ownership by two or more persons who hold
undivided interest, without right or survivorship, interest
need not be equal. |
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TENURE IN LAND |
The mode or manner by which a man has an
estate in lands. |
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TIME IS OF THE ESSENCE |
One of the essential requirements to forming
of a binding contract: contemplates a punctual performance.
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TITLE |
Evidence that the owner of land is in lawful
possession thereof; an instrument evidencing the ownership.
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TITLE INSURANCE |
Insurance written by a title company to
protect a property owner against loss of the title. |
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TOPOGRAPHY |
The nature of the surface of land; topography
may be level, rolling, mountainous. |
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TORRENS TITLE |
A system of title records provided by law; a
certificate issued by register of deeds. |
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TRUST DEED |
A deed given by a borrower to a trustee to be
held pending fulfillment of an obligation, which is ordinarily
repayment of a loan to a beneficiary. |
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TRUSTEE |
One who holds property in trust for another to
secure the performance of an obligation. |
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TRUSTOR
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One who deeds his property to a trustee to
hold as security until he has performed his obligation to a
lender under terms of a deed of trust. |