There are 9 terms in this glossary beginning with the letter D.
Date of closing
date upon which all paperwork associated with a mortgage/property sales exchange is finalized.
Date of possession
actual date upon which the buyer will move into a home or property; it is usually the closing date, but may be another agreed upon date as well.
Deed of reconveyance
when a borrower has paid in full on a mortgage, the lender then awards the borrower a deed of reconveyance. This document becomes also a part of public record. Also known as reconveyance deed and recon.
Deed of trust
a document that in some states is used in place of a mortgage. A deed of trust may be held by a third party, similar to a mortgage.
the measure of loss in value of a home or property. Depreciation could be driven by poor economic factors or property damage.