The initial payment made when a property is purchased on credit. Down payments usually range in size from 5% to 25% of the value of the loan and may affect a lender’s decision to require mortgage...
D
D
Disqualified Person
The people and organizations with whom your IRA should never conduct transactions, including (but not limited to) yourself, most of your family and any business entities you control.
Depreciation
Loss of value. In real estate, depreciation can be a negative or a positive, since it may be associated with tax deductions in some cases.
Delinquent
Late. When a mortgage is delinquent, the borrower is late in making payments.
Deed-in-Lieu of Foreclosure
When the borrower conveys all interest in their mortgaged property to the lender in order to satisfy a loan and avoid foreclosure.
Deed-in-Lieu
When the borrower conveys all interest in their mortgaged property to the lender in order to satisfy a loan and avoid foreclosure.
Deed of Trust
A legal structure used in place of a mortgage to secure a loan by pledging real property. Deeds of trust involve three parties: the trustor (borrower), the lender (beneficiary), and the trustee,...
Deed
n. a legal document that, when signed and delivered, conveys ownership of property or legal rights v. to transfer property rights via legal deed.
Debtor/Credit Law
The branch of law dealing with asset protection.
