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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

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 Trivia
Q 
What area in the U.S. is known for its pre-civil war mansions?

A 
Natchez, Mississippi boasts over 500 pre-civil war-style mansions; many are open to the public as museums.
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Parker Quigley Lake Specialist Team, REALTOR®, real estate agents and broker for Lake Hartwell, Lake Keowee and SenecaSouth Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Parker Quigley Lake Specialist Team
RE/MAX Foothills Realty

4022 Clemson Blvd.
Anderson, SC 29621
Phone 1: 866-244-8439
Phone 2: 877-314-1058
Fax: 864-287-0858
parkerquigley@NUMBER1EXPERT.com

This site is your one stop Comprehensive Website provided by Parker Quigley's Lake Specialist Team and ReMax Foothills Real Estate. Services we provide are: Lake Hartwell Anderson SC Realtors, Lake Keowee Seneca SC Realtors, Lake Hartwell Realtors licensed in Georgia & S.C., Lake Hartwell Buyer Agent Representation, Lake Hartwell Listing Agent with an extensive marketing plan that really works!, Lake Keowee Buyer Agent Representation, Lake Keowee Listing & Marketing Real Estate Agent Specializing in Upstate SC Lake Property. We are licensed Real Estate Agents in Anderson, SC who perform our duties with the utmost professionalism & dedication. Lake Hartwell is a very large man made Lake with 56,000 acres of water & over 900 Miles of beautiful shoreline.Lake Hartwell is managed by the U.S. Army Corps of Engineers and is well marked with a navigational buoy system as well as shoal markers & no wake zones under bridges and entering it's five marinas (Hartwell Marina, Big Water Marina, Portman Marina,Harbor Light Marina & Clemson Marina). Clemson University also sits on the shoreline of Lake Hartwell and owns a lot of waterfront property on the Seneca River & Coneross Creek Channels of Lake Hartwell. There are also Lakefront Restaurants you can go to by boat such as: The Galley & Nami Asian Bistro at Portman Marina; Charlie T's (located on six & twenty creek by water and Exit 19-A by car); T-60 Grill (located on the Tugaloo River @ Buoy T-60); Swamp Guinnea (located in Hartwell, Georgia), Weinacker's (Located on Coneross Creek) and Season's (Located @ Clemson University Madren Center on the Seneca River). Whether you are searching for a weekend cottage or an upscale permanent Lake Hartwell residence, we will leave no stone unturned in our search for your perfect Lake Hartwell Property. Lake Keowee is also a manmade lake about 1/3 the size of Lake Hartwell. Lake Keowee consists of over 300 miles of shoreline and over 18,000 acres of water and is located north of lake Hartwell. Lake Keowee is managed by Duke Power and boasts gorgeous Blue Ridge Mountain Views and crystal clear water. Our team prides ourselves on the ability to show Lake Hartwell & Lake Keowee Real Estate by Water when you narrow your search. Both Lake Hartwell & Lake Keowee offer a wide range of available Waterfront Real Estate options from Vacant Land to Cottages to Executive Homes & New Construction on the shores of both Lakes Hartwell & Keowee. Both Lake Keowee & Lake Hartwell are very condusive to many types of water sports such as: Waterskiing, wakeboarding, kayaking, canoeing, jet skiing and of course swimming. Many people choose to have a houseboat docked at any one of the marinas so they can anchor out in a private cove for the weekend or take all of their friends to the Clemson Football Games. Yes....you can go to the games by boat. How Fun is that??? North of Lake Keowee you will find Lake Jocassee whick is a true mountain lake and paradise on earth. Lake Jocassee offers 100+ feet of water depth in many areas, several actively flowing waterfalls and beauty beyond belief. Lake Jocassee is surrounded by Mountains and protected national Park land. Lake Jocassee Real Estate is much higher priced than Lake Hartwell & Lake Keowee Real Estate due to lack of available property. Parker's Lake Team offers Buyers & Sellers Professional Real Estate services in Upstate South Carolina Counties including: Anderson, Oconee & Pickens Counties in South Carolina as well as Hart, Franklin & Stephens Counties in Georgia. Providing SUPERIOR LAKE HARTWELL REAL ESTATE & LAKE KEOWEE REAL ESTATE service TO Waterfront Buyers & Sellers on Upstate S.C. Lakes 24 hours a day/ 7 days a week! Lake Hartwell & Lake Keowee Vacation Homes to Permanent Homes....We have the neccessary EXPERIENCE you need to have a smooth & happy transaction! Lakes Hartwell & Keowee are fast becoming very popular Retirement Destinations in South Carolina. Call the Professional ReMax Foothills Lakefront Real Estate Specialists: Parker Quigley's Lake Team Today and Start making your Lakefront Memories TODAY!

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