"Our Story! On November 16, 2008, I called the 1-800 number provided by a radio advertisement regarding foreclosed homes. After receiving the paper copy of listings in my area in the mail I began looking at the homes. My fiancè and I visited one that we both immediately fell in love with. It had some flaws, but overall the house was perfect for what we were looking for and it had a huge fenced back yard for our Cocker Spaniel. Although the price was already close to $12,000 under the county assessment, we put in an offer for even less and got the property for a bargain! The closing went smoothly and we’re happy to say that as of our closing date, February 6, 2009, we’re now proud homeowners with the help of Consumer Resource Network’s foreclosed home listings!"

- Lori D

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Glossary of Terms


We have compiled a list of the most common real estate terms and definitions to assist you in your search for a home. Whether you are a buyer or seller of real estate it is easy to get confused by the language used in real estate transactions. With our comprehensive real estate glossary you can easily navigate through the complicated world of buying and selling a home.

Click in the letter below to see the glossary

A:B:C:D:E:F:G:H:I:J:K:L:M:N:O:P:Q:R:S:T:U:V:W:X:Y:Z


T


tax deduction
A tax break given by the government. Mortgage interest, loan points, and property taxes can be deducted.
tax lien
A lien placed against a property for nonpayment of taxes.
title
The legal document conferring ownership of a piece of real estate.
title insurance
The insurance that protects the lender and--if an owner's policy is purchased, the homeowner--against loss resulting for any inconsistencies in the title of a property from liens or other title problems relating to a property.