Keller Williams of Central Pa East
530 Lockwillow Rd
Harrisburg, PA, 17112
Office Phone: 717-533-8000
Laurel’s Mobile: 717.608.3120
[email protected]

Real Estate Hershey Area

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Glossary of Terms - D

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

Debt
An amount owed to another.

Deed
The legal document conveying title to a property.

Deed-in-lieu
A deed given by a mortgagor to the mortgagee to satisfy a debt and avoid foreclosure.

Deed of trust
The document used in some states instead of a mortgage; title is conveyed to a trustee.

Default
Failure to make mortgage payments on a timely basis or to comply with other requirements of a mortgage.

Delinquency
Failure to make mortgage payments when mortgage payments are due.

Deposit
A sum of money given to bind the sale of real estate, or a sum of money given to ensure payment or an advance of funds in the processing of a loan.

Depreciation
A decline in the value of property; the opposite of appreciation.

Down payment
The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage.

Due-on-sale provision
A provision in a mortgage that allows the lender to demand repayment in full if the borrower sells the property that serves as security for the mortgage.

































Real Estate Hershey Credentials PA Licensed Real Estate Salesperson
Each Office Independently Owned and Operated
Laurel Schiavoni
Phone: (717) 533-6844
FAX: (717) 298-6421
[email protected]
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