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Days on Market: The
period of time a property is listed for sale until it is sold or taken off
the market.
Deed: A legal instrument transferring title to real property from the
seller to the buyer upon the sale of such property
Deed in lieu of foreclosure: A deed given by an owner/borrower to a
lender to satisfy a mortgage debt and avoid foreclosure
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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.)
Distressed Property: Property
that is in poor physical or financial condition.
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Due-on-sale clause A
restriction in a mortgage that has the effect of stopping assumptions. The
clause states that the entire balance of the mortgage is due and payable
immediately if the property is sold or conveyed.
Dual - Agency: A
relationship in which a real estate agent or broker represents both parties
in a transaction.
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Every