|
 |
Deed
A legal document that conveys title to a property.
TOP
Deposit
A sum of money paid in advance to ensure completion of a real estate transaction; or an advance of funds in the processing of a loan.
TOP
Deed of trust
The document used in some states instead of a mortgage; title is conveyed to a trustee (lender) who has the right to foreclose on a piece of property if the borrower defaults on the loan.
TOP
Depreciation
The decline in the value of a property
TOP
Disclosure
A statement to a potential buyer of a property, including all of the relevant information about such property, such as the presence of radon or lead paint.
TOP
Down payment
A portion of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage loan.
TOP
Duplex
A structure which has separate but complete units to accommodate two families, either adjacent to or one on top of the other.
TOP
|
| |
|
|
|
|