Welcome > Resources > Real Estate Dictionary - A

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

D

Deed	A written document that conveys the ownership of real estate from one person or party to another
Deed-in-lieu, or Deed-in-lieu of foreclosure	A deed given by a mortgagor to the mortgagee when the mortgage is in default, to avoid foreclosure
Deed of trust	A written document that grants a trustee, in the event of foreclosure, the full power to sell, mortgage and subdivide the property in question
Deed Restriction	A clause in a Deed that limits the uses of the property (e.g., types or quantities of structures permitted)
Default	The failure to meet the legal obligations in a contract; in real estate, failure to pay mortgage payments as scheduled or to comply with other stipulations of the mortgage
Deferred interest	Interest on a mortgage which is delayed because the monthly payment of the mortgage is not large enough to cover the entire principal and interest due, and therefore is added to the loan balance See "negative amortization"
Deficiency judgment	A claim made by the holder of a note against the maker, in the event that a foreclosure sale does not bring in enough proceeds to fully cover the note and the costs of sale, for the difference
Delivery	The final, unconditional and absolute transfer of a Deed from seller to buyer, such that the seller cannot revoke the transfer of ownership; the Deed itself does not pass title until the seller delivers it to the buyer
Depreciation	A decline in the value of property, due to any cause; the opposite of appreciation Also an expense deduction taken for tax purposes over the period of owning income property
Devise	To dispose or convey ownership of real property via a will
Disclosure	A statement of facts made by the buyer about the condition of a property being sold and its surrounding area, required by law in most US states
Discount point	A unit of measurement used for loan charges, with one point equaling 1 percent of the value of the loan
Dower	The rights of a spouse to the property of their deceased spouse
Down payment	The amount of the purchase price of a property paid in cash (i.e. not financed with a mortgage) that is required to secure the property; typically 20%
Dual agency	Representation of opposing parties in a transaction (e.g. when a realtor is the agent for both buyer and seller); requires consent of both parties to be allowed, and is illegal in some US states
Due-on-sale clause	A provision in a mortgage allowing the lender to demand payment of the entire balance of the note if the mortgagor sells or otherwise transfers the property

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

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State/Province:
Country:
Zip/Postal Code:
Phone:
	Additional Info
Ask Your Question Here!
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee > Your Privacy Is Guaranteed > Free & Without Obligation >

Q  Which famous home designed by Thomas Jefferson showed forms of Greek and Roman architecture? A  Monticello, begun in 1769, was later enlarged in keeping with its classical forms. See More Real Estate Trivia >

Joe Piscitelli Coldwell Banker 171 N. Broad Street Milford, CT 06460 203-982-3511 Fax: 203-783-1828 ct-waterfront-realestate@NUMBER1EXPERT.com As one of America's NUMBER1EXPERTS™ on the shoreline area of Branford, Guilford, Madison and Milford, Joe has listed and sold more upper tier, unique and waterfront homes, then any agent on the shoreline. His love for the waterfront developed over fifteen years ago, when he began swimming in Long Island Sound every day at dawn, year round. A morning habit that continually refreshes Joe’s deep connection to this dynamic and wonderful area, it is a daily reminder of his great good fortune in living within and representing one of the loveliest areas on the East Coast. With many miles of beaches, coves, rivers, outlets, rock outcroppings and abundant wildlife, this “boater's paradise” offers just about every dream location imaginable. In the forefront of the real estate market in this area, Joe is often the first person notified of upcoming properties, and his clients benefit, an extremely important asset for potential buyers or sellers. Today's technological world moves rapidly, and there, again, Joe is the NUMBER1EXPERT, superlatively equipped to handle all of your real estate needs. Call or e-mail him today! www.CT-Waterfront-RealEstate.com is brought to you by Joe Piscitelli, real estate for Branford Waterfront, Madison WaterFront, Guilford Waterfront and Milford Waterfront, Connecticut Read Joe Piscitelli's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.