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Real Estate Glossary


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-


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.



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TransDomo,LLC
Flavia & Klaus Westerwelle
Associate Partner / Realtor
ShellTree Real Estate Group, PA
4 Boland Court
Greenville, South Carolina 29615
U.S.A.

Direct: 864.527.0452
Office: 864.284.9511
Fax: 864.284.9512
Email: »Email

Languages: English, German


Greenville, South Carolina real estate agent


Flavia & Klaus Westerwelle are licensed Real Estate Agents in the State of South Carolina


Please give us a call or send an »Email when you are thinking about buying or selling real estate in the Upstates of South Carolina.


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