Patent

In real estate law, a patent is the original conveyance of title to land from the government to a private individual or entity. It represents the first transfer of ownership from public to private hands. A land patent establishes the foundation of title for property...

Transactional Funding

Transactional funding is a form of short-term financing used primarily in real estate wholesaling and investment transactions to facilitate back-to-back closings. It provides the investor with temporary capital to purchase a property, often for a very brief period...

Truth in Lending

In real estate finance and consumer credit law, Truth in Lending refers to federal statutes and regulations, including Regulation Z, that are designed to ensure that prospective borrowers and credit purchasers receive clear and accurate information about the cost of...

Trustor

In real estate finance, a trustor is the borrower under a deed of trust. The trustor conveys legal title to the property to a trustee as security for the repayment of a loan to the beneficiary, or lender. Although title is transferred to the trustee for security...

Trustee’s Deed

In real estate law, a trustee’s deed is a deed issued by a trustee under a deed of trust following a foreclosure sale. It conveys title to the purchaser who acquires the property at the foreclosure auction. A trustee’s deed transfers whatever interest the trustor had...

Trustee

In real estate finance, a trustee is a person or entity that holds legal title to real property under the terms of a deed of trust. The trustee acts as a neutral third party between the borrower and the lender. The trustee’s primary duties include holding title as...