Real Estate Glossary - What does it all mean? (the letter T)
By Melissa Hailey, Collin County Realtor-Lucas, Murphy, Plano, Parker
(North Texas Top Team, REALTORS (Plano, Murphy, Wylie))
If you are a consumer (a home buyer or a home seller, or just a real estate watcher) you may not be familiar with all of the terms involved in real estate transactions. Realtors® know the terminology, but wouldn't it be great to have that information as a consumer? A "Real Estate Terminology Dictionary" of sorts. Look no further, here is the next installment of the Real Estate Glossary! TIP: to see the complete Real Estate Glossary - subscribe to this blog. TAX LIEN - A general statutory lien imposed against real property for failure to pay taxes. There are federal tax liens and state tax liens. TAX SHELTER - A phrase often used to describe some of the tax advantages of real estate investment, such as deductions for depreciation, interest, taxes, etc., which may offset the investor'...
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