Any repair or maintenance of a piece of property that has been postponed, resulting in a decline in property value. …
Delinquent Mortgage
A mortgage that involves a borrower who is behind on payments. If the borrower cannot bring the payments up to date within a specified number of days, the lender may begin foreclosure proceedings. …
Density Test
An analysis of soil to determine if the surface can support the foundation of a house. …
Dentils
Small rectangular blocks that project from a building, usually under cornices or along rooflines. …
Deposit
Money given by the buyer with an offer to purchase property. Also called earnest money. A sum of money that is required to be paid with an offer to purchase as a symbol of the purchaser's …
Depreciation
In real estate, depreciation refers to the decrease in a property's value over time due to factors such as wear and tear, aging, and obsolescence. Depreciation affects both residential and commercial …