Doug Barry, Associate Broker
   LONG & FOSTER REAL ESTATE, INC.

                     Licensed in Maryland
  Direct Line 410-207-4751  Office 410-583-5700  

 

        


A B C D E F G H I J K L M N O P Q R S T U V W X Y Z


FIND THE DEFINITION FOR ANY REAL ESTATE TERM

Click on the letters above for terms beginning with that letter, and then click on the term below.

Don’t see a term here?  Feel free to ask us.  (Unfortunately, however, we cannot give you real estate or legal advice.)

DATUM – A point, line or surface from which elevations are measured.

DEBIT – Funds or monies that are owed by a buyer or seller at settlement.  Listed by item on a settlement sheet.

DEBTOR – A party that owes a debt.

DECEDENT – One who has died, a deceased person.

DEDICATION – A gift of real property to a government entity.  Always done during the grantor’s lifetime and always given by deed.

DEED – A written document, which transfers legal title to real property from one party to another.

DEED IN TRUST – A document used to create a trust, whereby a TRUSTOR places property in the hands of a TRUSTEE to manage on behalf of the Trustor or for a BENEFICIARY.  Also called a TRUST DEED.  Not the same thing as a DEED OF TRUST.

DEED OF TRUST – A document used in place of a mortgage, pledging a property as security for a loan.  Title to the property would be held by a third party (the TRUSTEE), aside from the borrower (the TRUSTOR) and the lender (the BENEFICIARY).  Also called a TRUST DEED or TRUST INDENTURE.  Not the same thing as a Deed IN Trust.

DEPOSIT – Money paid up front to demonstrate a sincere interest in honoring a contract.

DORMER – A protrusion extending out from a sloped roof, normally with a window.

DOWNPAYMENT – Money paid towards the purchase price of the house, to cover the amount of the purchase price not covered by a loan.  Normally paid at settlement.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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