Real Estate City Glossary

Real Estate City Glossary D
(Damper - Delinquent Mortgage)

A1 | A2 | A3 | A4 | B1 | B2 | B3 | C1 | C2 | C3 | D1 | D2 | E1 | E2 | F1 | F2 | F3 |
G1 | G2 | H1 | H2 | I1 | I2 | J | K | L1 | L2 | L3 | M1 | M2 | M3 | N | O1 | O2
| P1 | P2 | Q | R1 | R2 | S1 | S2 | T1 | T2 | U | V1 | V2 | W1 | W2 | X | Y | Z

Damper
A valve to control air flow to or from any desired point.

Days on the Market
Period of time a property is listed for sale prior to being sold or removed.

Dead End Street
Street that terminates at one end has only one outlet and is not a through street.

Debt
An amount owed from one to another.

Debt Financing
The raising of money by loans and borrowing directly from financial institutions, providing increased financial leverage. Interest may be tax deductible.

Declining Market
Market condition in which there are more sellers than buyers, causing prices to fall.

Deed of Trust
A transfer of the title to a trustee by the trustor.

De Facto
Latin for "in deed, in fact, in reality" Refers to a fact or an act that occurs as a matter of practice and reality rather than from de jure, meaning a lawfully and rightfully occurring act.

Defeasance
A clause in a mortgage that negates an obligation upon the performance of certain acts or conditions within the agreement.

Deferred Payments
Money payments to be delayed for a future date or extended period of time.

Delinquent Mortgage
A mortgage involving a borrower who is behind on payments. If the borrower does not bring the mortgage to date with a specified amount of time, the lender may begin foreclosure proceedings.