Real Estate Glossary - D

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


debt
An amount owed to another. See installment loan and revolving liability.

deed
The legal document conveying title to a property.

deed-in-lieu
A deed given by a mortgagor to the mortgagee to satisfy a debt and avoid foreclosure. Also called a "voluntary conveyance."

deed of trust
The document used in some states instead of a mortgage; title is conveyed to a trustee.

default
Failure to make mortgage payments on a timely basis or to comply with other requirements of a mortgage.

delinquency
Failure to make mortgage payments when mortgage payments are due.

deposit
A sum of money given to bind the sale of real estate, or a sum of money given to ensure payment or an advance of funds in the processing of a loan. See earnest money deposit.

depreciation
A decline in the value of property; the opposite of appreciation.

discount points
See point.

dower
The rights of a widow in the property of her husband at his death.

down payment
The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage.

due-on-sale provision
A provision in a mortgage that allows the lender to demand repayment in full if the borrower sells the property that serves as security for the mortgage.

due-on-transfer provision
This terminology is usually used for second mortgages. See due-on-sale provision.


* Information herein believed to be accurate but not warranted.




Atlanta Communities
Speak with a Realtor now! Contact The AtlantaPros Real Estate Team 770-346-9000
Email Atlanta Real Estate Pros





North Atlanta
  Luxury Homes



Recent Posts



Warning: readfile(http://www.rssfeedconverter.com/services/rss-converter/548f8ef209623/snippet3443-20141216) [function.readfile]: failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found in /home/content/a/t/l/atlantapros/html/atlantapros/blog/real-estate-blog.php on line 3


Alpharetta Business Award