18 June 2010

Glossary - T


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Tax deduction
A tax break given by the government. Mortgage interest, loan points and property taxes can be deducted.

Title
The actual legal document conferring ownership of a piece of real estate.

Title company
Firms that ensure that the title to a piece of property is clear and provide title insurance.

Title insurance
A policy issued to lenders and buyers to protect any losses because of a dispute over the ownership of a piece of property.