We're sure you don't like jargon - and neither do we. But it's a fact of real estate life. This glossary is here to help you make sense of it. And we've put a special emphasis on terms that reflect today's housing market.

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  2. B
  3. C
  4. D
  5. E
  6. F
  7. G
  8. H
  9. I
  10. J
  11. K
  12. L
  13. M
  14. N
  15. O
  16. P
  17. Q
  18. R
  19. S
  20. T
  21. U
  22. V
  23. W
  24. X
  25. Y
  26. Z

"d" Terms

A movable plate in a fireplace that allows smoke and fumes to travel up the chimney's flue.
The period of time a property is listed for sale until it is sold or taken off the market.
Locks that require a key to open from the outside and a turn button from the inside.
Any amount one person owes to another.
A roofless, floored area that adjoins a house.
The legal document that transfers ownership of a piece of property.
A document that gives a lender the right to foreclose on a piece of property if the borrower defaults on the loan.
A drain used to dispose of water from the basement floor to a sewer line.
The failure to fulfill a duty or promise or discharge an obligation, such as making monthly mortgage payments.
Any repair or maintenance of a piece of property that has been postponed, resulting in a decline in property value.
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.
An analysis of soil to determine if the surface can support the foundation of a house.
Money given by the buyer with an offer to purchase property. Also called earnest money.
The decline in value of a piece of property.
A project in which the owner contracts directly with an individual or company to perform design and construction.
Unlike architects, designers are limited to drawing blueprints.
Images that are incorporated into house listings to give potential buyers a view of the property.
Plans which show the layout of a house but are less detailed than full blueprints.
A statement to a potential buyer listing information relevant to a piece of property, such as the presence of radon or lead paint.
Fees that a borrower pays at the time the lender makes the loan. A point equals 1 percent of the total loan amount.
Property that is in poor physical or financial condition.
A list of documents a lender requires when a potential submits a loan application. The required documents range from paycheck stubs to credit card statements.
The amount of money a buyer agrees to give the seller when a sales agreement is signed. Complete financing is later secured with a lender.
A system of gutters and drainpipes that carry water away from the foundation of a house.
A flat ceiling built lower than the original ceiling.
A fungal decay that causes wood to become brittle and crumble.
A construction material composed of gypsum or plaster wrapped in paper and produced in large sheets that can be nailed to wall studs.
A relationship in which a real estate agent or broker represents both parties in a transaction.
Standard language in a mortgage which states that the loan must be paid when a house is sold.
A structure that consists of two separate family units.
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