- debt
- An
amount owed to another.
-
- 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.
-
-
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.
-
- depreciation
-
A decline in the value of property; the opposite
of appreciation.
-
- 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.
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