Deed in lieu of foreclosure: A deed given by an owner/borrower to a
lender to satisfy a mortgage debt and avoid foreclosure
Deposit receipt A
document that lists the price, conditions and terms under which the buyer is
willing to purchase the property. (Each of these means the same thing: offer
to purchase, or purchase offer, or earnest money agreement, or contract of
purchase, or deposit receipt.)
that is in poor physical or financial condition.