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...

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...

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...

In real estate finance, a trust deed, also known as a deed of trust, is a security instrument used in many states in place of a mortgage. It involves three parties: the borrower, called the trustor, the lender, called the beneficiary, and a neutral third party known...

In real estate practice, a trust account is a separate bank account maintained by brokers, escrow agents, or other fiduciaries to hold funds belonging to others. These funds may include earnest money deposits, rents, or other monies held in connection with a...

In real estate transactions, a transfer tax is a tax imposed by a state or local government on the transfer of title to real property. The tax is typically calculated based on the consideration paid for the property. Transfer taxes are usually paid at the time of...

In real estate law, trade fixtures are items of personal property installed by a business tenant on leased premises for the purpose of conducting a trade or business. Although attached to the real property, they are intended for business use rather than as permanent...

In real estate and residential construction, a tract house is a home built according to the builder’s standard plans as part of a larger development or subdivision. Multiple homes are constructed using similar designs, materials, and layouts. Tract houses are...

In real estate, a tract is a parcel or area of land identified as a single unit. The term may refer to land of any size, depending on the context in which it is used. In some states, the term tract is used synonymously with subdivision to describe a planned...

In real estate and land surveying, a township is a unit of land division established under the federal rectangular survey system. It measures six miles on each side and encompasses a total area of thirty six square miles. Each township is divided into thirty six...