A hardboard exterior siding with vertical grooves to simulate boards. …
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T
T1-11 Siding
Tank Stopper
A rubber plug or flapper that seals the valve seat between a toilet tank and bowl. Upon flushing a toilet, the tank stopper is lifts to allow water to rush through the flush valve into the bowl. …
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Tap Fees
A fee charged by most companies for hooking up utilities. …
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Tax Deduction
A tax break given by the government. Mortgage interest, loan points, and property taxes can be deducted. …
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Tax Hold Back
When your property taxes are included with your mortgage payments, your lender will withhold funds from your disbursement to cover interim or final taxes payable to the municipality. The amount depends on the month that the mortgage was funded and the dates when …
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Tax Lien
A lien placed against a property for nonpayment of taxes. …
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Tax Sale
The public sale of a property by the government for nonpayment of taxes. …
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Tax Service Fee
A fee collected to set up third-party monitoring of the borrower's property tax payments. This is done to ensure that the payments are made on time, and to prevent tax liens from occurring to the detriment of the lender. …
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Tax Shelter
A term often applied to real estate investment, referring to various tax advantages. …
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Tear-Down
A house in such poor condition as to require rebuilding from the ground up. …
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