Real Estate
Glossary
This glossary has been provided to help Colorado Springs
homebuyers understand the unique language
of the real estate business.
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Debt means some amount of money which someone owes to another.
Debtor:
The debtor is the person who owes the debt.
Deed:
Deed is the legal document which conveys the title to a property.
Deed Restrictions:
Deed Restrictions means limitation in the deed to a property
which dictates certain uses which may be or may not be made of
the property.
Down payment:
Down payment is the certain part of the purchase amount that
the buyer pays in cash at the time of purchase. Here he needs
not to mortgage anything.
Depreciation:
Depreciation is the opposite of appreciation. Depreciation means
a decline in the value of property.
Dower:
Dower is the rights of widow in the property of her husband after
her husband's death.
Deed of trust:
Deed of trust is the documents which are used in some states
instead of a mortgage. Here the title is conveyed to a trustee.
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