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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
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| DATE OF APPRAISAL:
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| The specific point in time as of which an appraiser designates the value of a home. Often stipulated as the date of inspection. |
| DEBT:
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| An obligation to repay some amount owed. This may or may not be monetary. |
| DEBT EQUITY RATIO:
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| The ratio of the amount a mortgagor still owes on a property to the amount of equity they have in the home. Equity is calculated at the fair-market value of the home, less any outstanding mortgage debt. |
| DEED:
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| A document indicating the ownership of a property. |
| DEED OF RECONVEYANCE:
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| A document which transfers ownership of a property from a Trustee back to a borrower who has fulfilled the obligations of a mortgage. |
| DEED OF RELEASE:
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| A document which dismisses a lien or other claim on a property. |
| DEED OF SURRENDER:
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| A document used to surrender any claim a person has to a property. |
| DEED OF TRUST:
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| A document which transfers title in a property to a trustee, whose obligations and powers are stipulated. Often used in mortgage transactions. |
| DEED-IN-LIEU (OF FORECLOSURE):
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| A document given by a borrower to a lender, transferring title of the property. Often used to avoid credit-damaging foreclosure procedures. |
| DEFAULT:
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| The condition in which a borrower has failed to meet the obligations of a loan or mortgage. |
| DELINQUENCY:
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| The state in which a borrow has failed to meet payment obligations on time. |
| DEPOSIT:
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| Cash given along with an offer to purchase property, Also called EARNEST MONEY. |
| DEPRECIATION:
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| The natural decline in property value due to market forces or depletion of resources. |
| DETACHED SINGLE-FAMILY HOME:
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| A single building improvement intended to serve as a home for one family. |
| DISCOUNT POINTS:
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| Points paid in addition to the loan origination fee to get a lower interest rate. One point is equal to one percent of the loan amount. |
| DISTRESSED PROPERTY:
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| A mortgaged property which has been foreclosed on. |
| DOWN PAYMENT:
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| An amount paid in cash for a property, with the intent to mortgage the remaining amount due. |
| DOWNSPOUT:
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| The pipe that water moves through to reach the ground from the rain gutter. |
| DUE-ON-SALE PROVISION:
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| A clause in a mortgage giving the lender the right to demand payment of the full balance when the borrower sells the property. |
| DUPLEX:
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| A single-building improvement which is divided and provides two units which serve as homes to two families. |
| DWELLING:
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| A house or other building which serves as a home. |
