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

Real Estate Tips Short Sales >6. Who Pays My Agent When I Short Sell My Home? Because a short sale usually comes about in a financially trying time, the standard realty fees can be a concern. But the homeowner need not worry about the financial strain of short selling his or her home. When the lender agrees to the short sale, the real estate agent begins to market the home to potential buyers. At this point, the homeowner is only required to allow potential buyers view the home. When the home is sold, the commissions are paid from the money the buyer places in escrow; therefore, because there is no equity in the house, the lender ultimately is the one paying the entire sales commission. Since lenders are already losing money on the sale, it’s common for them to offer less than the average sales commission to the real estate agents involved. See All Tips In The "Short Sales" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment? A  The former estate of John Lennon in Palm Beach has two pools plus guest quarters. See More Real Estate Trivia >

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Roxanne DeBerry Keller Williams Realty-Plano 3608 Preston Rd. Ste. 230 Plano, TX. 75093 Agent Phone: 214-676-8040 Voice Mail: 972-733-9250 Office Phone: 972-943-7377 Email: rdeberry@realtor.com Roxanne DeBerry has over 20 years of real estate experience in Dallas and Collin county. She is committed to staying on top of the real estate market at all times through continued growth and state of the art technology. Call Roxanne DeBerry today! Her professional team will give you that personal touch in your real estate needs! For true professional results in buying or selling real estate, put the 3R's to work for you: Roxanne + Real Estate = Results www.roxannedeberry.com is brought to you by Roxanne DeBerry, real estate for Allen, Plano and North Dallas, Texas Read Roxanne DeBerry's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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