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Any right, title, interest and claim in and to real property owned by the grantor at the date of execution of the deed of trust or acquired thereafter by said grantor or his successors in interest. To fall under this definition, the real property must be (a) located within an incorporated city or village at the time of the transfer; (b) not exceed 80 acres regardless of location, but not used as agricultural land; or (c) not exceed 40 acres regardless or location or use.
- Browse Related Terms: agent, Beneficiary, Co-Homeowners, Deed, Default, Grantor, Negative Equity, Real property, Title, trust, trust deed, Trustee
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