New York Real Estate Glossary T
(Transfer of Ownership - Two-step Mortgage)
A1 | A2
| A3 | A4 | B1 | B2 | B3
| C1 | C2 | C3
| D1 | D2 | E1
| E2 | F1 | F2
| F3 |
G1 | G2 | H1
| H2 | I1 | I2
| J | K | L1
| L2 | L3 | M1
| M2 | M3 | N
| O1 | O2
| P1 | P2 | Q
| R1 | R2 | S1
| S2 | T1 | T2
| U | V1 | V2
| W1 | W2 | X
| Y | Z
Transfer of Ownership
Any means by which the ownership of a property changes hands.
State or local tax payable when title passes from one owner to another.
A federal law that requires lenders to fully disclose, in writing, the
terms and conditions of a mortgage, including the annual percentage
rate (APR) and other charges.
An adjustable-rate mortgage (ARM) that has one interest rate for the
first five or seven years of its mortgage term and a different interest
rate for the remainder of the amortization term.
A fiduciary who holds or controls property for the benefit of another.
An English-style imposing looking house with fortress lines. Siding
is chiefly stone and brick with some stucco and half timbers. Windows
and doors have molded cement or stone trim around them.
A changed location for a surveying instrument during a survey.
A deteriorated property that can be restored and sold for a gain.
Movement for change of people, such as tenants. The sale of one average
real estate inventory item within a specified time.
Adjustable mortgage with one interest rate for the first five or seven
years of the loan and another for the remained of the loan term.