The public sale of a property by the government for nonpayment of taxes. …
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 …
Tax Shelter
A term often applied to real estate investment, referring to various tax advantages. …
Tear-Down
A house in such poor condition as to require rebuilding from the ground up. …
Teaser Rate
A low, short-term interest rate offered on a mortgage to entice the borrower. …
Temperature / Pressure Relief Valve (TPRV)
A device that releases built-up energy in a tank at a certain temperature or pressure. Used for safety measures. …
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