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16 Cards in this Set
- Front
- Back
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DAMAGES
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THE AMOUNT OF MONEY RECOVERED BY INJURED PARTY-IN REAL ESTATE PRACTICE, AN ALTERNATIVE TO DEMANDING SPECIFIC PERFORMANCE
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DEDICATION
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THE DONATION OF PRIVATE PROPERTY TO A GOVERMENT BODY, PROVIDED LAND IS USED FOR PUBLIC PURPOSE
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DEED
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A WRITTEN INSTRUMENT DELIVERED TO THE GRANTEE IN WHICH THE GRANTOR CONVEYS AND TRANSFERS OWNERSHIP AND ALL INTEREST IN A PARCEL OF REAL PROPERTY
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DEED IN TRUST
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A TYPE OF MORTGAGE IN WHICH TITLE IS TRANSFERED TO A THIRD PARTY(TRUSTEE)AS SECURITY FOR THE REPAYMNET OF THE DEBT BY THE BORROWER TO THE LENDER
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DEFAULT
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FAILURE ON THE PART OF A PARTY TO PERFORM AN OBLIGATION CREATED IN A CONTRACT
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DEFEASANCE CLAUSE
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THE CLAUSE IN A MORTGAGE THAT ALLOWS THE MORTGAGOR TO REDEEM A PROPERTY UPON FULL PAYMENT OF MORTGAGE LOAN
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DEFICIENCY JUDGEMENT
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A PERSONAL JUDGEMNET AGINST A BORROWER WHEN FORECLOSURE SALE PRODUCES FUNDS INSUFFICIENT TO SATISFY THE BALANCE OF THE MORTGAGE LOAN
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DENSITY ZONING
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ZONING ORDINANCE THAT RESTRICTS THE NUMBER OF DWELLINGS THAT MAY BE BUILT PER ACRE IN A SUBDIVISION
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DEPRECIATION
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A LOSS IN VALUE TO A PARCEL OF REAL ESTATE DUE TO PHYSICAL DETERIORATION OR FUNCTIONAL OR ECONOMIC OBSOLESCENCE
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DISCOUNT POINTS
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AN ADDED FEE ON A LOAN CHARGED BY THE LENDER TO BRING VA OR FHA LOAN UP TO COMPETITIVE INTEREST RATES ON CONVENTIONAL LOANS
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DISPOSSESS PROCEEDINGS
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THE LEGAL MEANS BY WHICH A LANDLORD CAN REMOVE AN UNDESIRABLE TENANT
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DOCUMENTATION
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A FORM OF PROOF THROUGHT OBSERVATION AND RECORDED FACT
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DOMINATE ESTATE
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THE PROPERTY THAT DERIVES THE BENIFIT OF AN EASEMENT ATTACHED TO ADJOINING PPROPEERTY(SERVIENT ESTATE)
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DOWER
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THE INTEREST A WIFE HOLDS IN THE ESTATE OF DECEASED HUSBAND
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DUAL AGENCY
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REPRESENTATION OF BOTH PRINCIPLES TO A TRANSACTION BY ONE BROKER
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DURESS
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FORCING A PERSON TO PERFORM AN ACT AGINST HIS WILL BY UNLAWFUL MEANS
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