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  30 Year Fixed 5.00 %
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Updated 5/6/2010

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Results for  the letter D - Records (1 - 15) of 41

TermDefinition
 
Damper  A movable plate in a fireplacethat allows smoke and fumes to travel up the chimney's flue.

Days on the market  The period of time a property is listed for sale until it is sold or taken off the market

Deadbolt lock  Locks that require a key to open from the outside and a turn button from the inside.

Debt  Any amount one person owes to another.

Deck  A roofless, floored area that adjoins a house.

Deed  The legal document that transfers ownership of a piece of property.

Deed of trust  A document that gives a lender the right to foreclose on a piece of property if the borrower defaults on the loan.

Deep-seal floor drain  A drain used to dispose of water from the basement floor to a sewer line.

Default  The failure to fulfill a duty or promise or discharge an obligation, such as making monthly mortgage payments.

Deferred maintenance  Any repair or maintenance of a piece of property that has been postponed, resulting in a decline in property value.

Delinquent mortgage  A mortgage that involves a borrower who is behind onpayments. If the borrower cannot bring the payments up to date within a specified number of days, the lender may begin foreclosure proceedings.

Density test  An analysis of soil to determine if the surface can support the foundation of a house.

Dentils  Small rectangular blocks that project from a building, usually under cornices or along rooflines.

Deposit  Money given by the buyer with an offer to purchase property. Also called earnest money.

Depreciation  The decline in value of a piece of property.
 
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