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Damages - The amount recoverable by a person who
has suffered an injury, either in person or property, due to the
wrong of another.
Datum - A plan of elevation from which heights and
depths are measured.
Debtor - The owner of a property in a security
agreement; sometimes called mortgager.
Declaration of restrictions - An instrument other
than a deed containing restrictive covenants which is
incorporated by reference and made part of a deed.
Decree - A court order as a result of a judicial
proceeding.
Dedication - A voluntary giving of property by the
owner for use by authorized public officials on behalf of the
public.
Deed - A written instrument by which title to real
property is conveyed from one person to another.
Deed in Lieu of Foreclosure -
A deed to real property accepted by a lender from
a defaulting borrower to avoid the necessity of foreclosure
proceedings by the lender.
Default - The failure to fulfill a contractual
obligation.
Defeasance Clause - The clause in a mortgage note
that allows the mortgager to redeem his property after all
payments due the mortgagee are paid.
Deferred Maintenance -
Existing but unfulfilled requirements for repairs
and rehabilitation.
Deficiency Judgment - A judgment rendered after
default when the security pledged for a loan does not satisfy
the debt.
Depreciation -
Loss of value in real property brought about by age, physical
deterioration or functional or economic obsolescence.
Deterioration
- Reflecting the loss in value brought about
by wear and tear, disintegration, use in service, and the actions of
the elements.
Discount Fee -
Sometimes referred to as "points," a fee charged by the
lender in order to obtain a higher earning than the interest stated
in the mortgage note.
Documentary Transfer Tax -
A state enabling act allows cities and
counties to adopt a documentary transfer tax to apply on all
transfers of real property located within their jurisdictions.
Duress - Unlawful constraint exercised
upon a person whereby he is forced to do some act against his will.
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