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Realty Terms beginning with D

Days on the Market (D.O.M.)
The period of time between listing a property and its sale or it being taken off the market.

Debt Consolidation
The act of replacing more than one loan with a single loan, often with a lower monthly payment and a longer repayment period. Also called a consolidation loan. CanEquity has access to Canada's best debt consolidation products, for more info about debt consolidation see our debt consolidation page.Click here for additional information.

Debt/Equity Ratio
A comparison of debt and equity used to measure the livelihood of a business.

A document that provides title to property and is filed with a country recorder.

Failure to meet certain contractual obligations, such as mortgage payments. Default can lead to foreclosure.

Demand Loan
A loan that must be repaid in full, on demand.

A sum of money that is required to be paid with an offer to purchase as a symbol of the purchaser's commitment.

Direct Deposit
The automatic deposit of funds, such as wages, benefits or tax refunds, to a person's bank account.

A statement listing defects to a property, such as the existence of lead paint or ground contamination. 2. A statement that requires the creditor to tell the debtor the annual percentage rate, finance charges, and other terms of a loan. Such statements are compulsory in most provinces.

The right of one party to sell real or personal property belonging to another party to pay unpaid or overdue debt.

Distressed Property.
Property that is in poor physical condition. 2. Property owned by an individual who is in poor financial condition. DividendThe distribution of earnings to shareholders. In credit unions, it is the money paid to members for deposits, similar to the interest banks pay to their customers for deposits.

A person's legal or permanent residence.

The amount of cash put forward by the buyer toward the purchase price of real estate.

Dry Rot
A fungous disease that causes lumber to become brittle and crumble.

Panels of gypsum plaster wrapped in thin cardboard and attached to the house framing to create interior walls.

Due-on-sale Clause
A mortgage condition or clause that states the loan must be paid in full when the property is sold. Commonly used in reverse mortgage lending.

A building that is divided into two living units or residences, usually having separate entrances.