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SiteMap UofAHousing.com
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Index: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42

» Definition - delivery

The actual transfer of the deed or an act of a seller showing intent to make a deed effective without which there is no transfer of title to the property.

» Definition - depreciation

A loss in value.

» Definition - descent

Acquisition of property through inheritance laws when there is no will (when a person dies intestate).

» Definition - devise

A transfer of real estate by will or last testament.

» Definition - disclosure

The making known of a fact that had previously been hidden; a revelation For example in many states you must disclose major physical defects in a house you are selling such as a leaky roof or potential flooding problem.

» Definition - discount points (or points)

The amount paid either to maintain or lower the interest rate charged Each point is equal to one percent (1%) of the loan amount (i.e two points on a $100,000 mortgage would equal $2,000).

» Definition - discount rate

(1) The rate charged member banks who borrow from the Federal Reserve System (2) The rate used to convert future income into present value.

» Definition - dispossess

To oust from land by legal process.

» Definition - dominant tenement

Property that carries a right to use a portion of a neighboring property For example property that benefits from a beach access trail across another property is the dominant tenement.

» Definition - down payment

An amount of money the buyer pays which is the difference between the purchase price and the mortgage amount.

real estate, property, location, building, house, home, condo, duplex, triplex, apartment, rental, tenant, landlord, deposit, maglione, maglione rentals, tucson,

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