Igor Real Estate

Your South Bay Real Estate Expert

  • Home
  • Meet Igor
    • Meet My Team
    • Philosophy
    • Why Choose Igor
    • Why Use RE/MAX?
    • Testimonials
    • Videos
  • Search MLS
    • Your Dream Home Criteria
    • Mortgage Info
    • Buy/Sell
  • Community Info
    • Beach Cities
    • City of Torrance
    • Palos Verdes Peninsula
    • Hollywood Riviera
    • Map of the South Bay
  • Contact
You are here: Home / Real Estate Terms / T

T

Tax sale

A sale of real property ordered by the court in order to raise money to cover delinquent taxes

Tenancy in common

A version of joint tenancy of a property, but without any right of succession by survivorship among the owners

Testate

To die having prepared and left a valid will

Testator

The individual who makes out a last will and testament

Time is of the essence

A condition in a contract requiring the completion of a certain act within a designated period of time

Time-share

A form of ownership interest which allows use of the property only for a fixed or variable period of time

Title

A legal document that evidences a person’s ownership of and right to possess a property

Title insurance

Insurance that protects the owner or mortgagee against loss arising from disputes over or defects in the title to a parcel of real estate that arise after ownership has been transferred

Title search

Research into public title records to determine the current status of ownership of a piece of property; a licensed attorney must provide any legal interpretation of the records found

TorrensTitle

Now a dated system (only used in a few US states) whereby the court issues a certificate establishing the extent of an individual’s estate, including any exceptions noted

Township

A division of land that is six miles square, containing 36 square-mile sections

Tract

A specific parcel of land

Transfer of ownership

Any circumstance in which the ownership of a property changes hands, e.g., via outright, titled purchase, or the assumption of an existing on a property, or possession of the property via a land sales trust, even any transfer of a beneficial interest in the trust

Transfer tax

State or local taxes imposed on a transfer of ownership of real property

Trust

A right to a piece of property that is held for the benefit of another

Trust deed, or a Deed of trust

A written document that grants the trustee the title to a piece of property for the benefit of another, and which gives the trustee the power to sell, mortgage or subdivide the property

Trustee

A party who holds property for the benefit of another

Trustee’s deed

A deed conveying land ownership executed by the trustee who holds the land in trust

Trustor

The borrower in a trust loan transaction

Truth-in-Lending

A federal law that requires disclosure by a credit institution or lender of the terms and conditions of a loan or mortgage, including the annual percentage rate and any other charges, to the borrower when they apply for the loan.
Also see Regulation Z

Two-step mortgage

An adjustable-rate mortgage that charges a below-market interest rate for a designated number of years (usually 5 or 7) after which the interest rate is adjusted to the current market conditions

Your South Bay Real Estate Expert

Specializing in the Hollywood Riviera, Palos Verdes, Redondo Beach, Manhattan Beach & Torrance

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram

I’ll help sell your current home & find your dream home

When it comes to real estate, my goal is to help you achieve your goal. Whether you want to move-up, scale down or find the ocean-view home you always dreamed of, I listen carefully to your real estate needs and then come up with a strategy to achieve your objectives. But don’t just take my word for it — I encourage you to read the letters written my clients (see the testimonial section on this website). I bring the same honesty, integrity and professionalism I brought to these clients to every transaction. And that’s my personal promise to you!

Igor Nastaskin
Re/Max Palos Verdes Realty
inastaskin02@gmail.com
direct: 310-892-6016
DRE: 0131782
Office
63 Malaga Cove Plaza, Palos Verdes Estates, CA 90274
office: 310-378-9494×2349
fax: 310-378-3818

© Igor Nastaskin. All Rights Reserved.
Real Estate Website by imFORZA