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
G
The person who receives title to the property, the buyer.
The person who gives title to the property to another person, generally the seller.
H
This has various meanings in different states, but generally it grants the owner of the property a discount on the property taxes charged every year and it allows for a longer redemption period in the event of a tax sale of the lien or deed on the property. For example, in Texas an owner has 2 years to redeem if he/she has a homestead. Without a homestead the redemption period i only 6 months.
A few states are considered hybrids. In these states a tax deed sale takes place and that deed is redeemable by the owner - just like it is in redeemable deed states. However, here the holder need not foreclose on the property to obtain the deed because the deed is already in his name and all that is necessary to obtain the property is for the owner not to redeem his/her interest. The holder can then take possession and occupy the property. See Redeemable Deeds.
I
An individual can incorporate by filing and establishing a corporate entity to conduct business, reduce taxes, protect assets or as a method of estate planning.
The percentage of an amount of money owed which accrues and must be paid by the defaulting property owner in order to redeem the lien certificate or the deed on his/her property. States either charge an interest rate or a penalty which the owner must pay to redeem the lien or deed.
In the context of real estate it is the property available for sale. In the context of tax liens and deeds it is the number of properties available for investment as a result of their owners defaulting on the payment of property tax.
