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Deed |
A written document that conveys the ownership of
real estate from one person or party to another |
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Deed-in-lieu, or Deed-in-lieu of
foreclosure |
A deed given by a mortgagor to the mortgagee
when the mortgage is in default, to avoid foreclosure |
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Deed of trust |
A written document that grants a trustee, in the
event of foreclosure, the full power to sell, mortgage and subdivide the
property in question |
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Deed Restriction |
A clause in a Deed that limits the uses of the
property (e.g., types or quantities of structures permitted) |
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Default |
The failure to meet the legal obligations in a
contract; in real estate, failure to pay mortgage payments as scheduled or to
comply with other stipulations of the mortgage |
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Deferred interest |
Interest on a mortgage which is delayed because
the monthly payment of the mortgage is not large enough to cover the entire
principal and interest due, and therefore is added to the loan balance See
"negative amortization" |
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Deficiency judgment |
A claim made by the holder of a note against the
maker, in the event that a foreclosure sale does not bring in enough proceeds
to fully cover the note and the costs of sale, for the
difference |
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Delivery |
The final, unconditional and absolute transfer
of a Deed from seller to buyer, such that the seller cannot revoke the transfer
of ownership; the Deed itself does not pass title until the seller delivers it
to the buyer |
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Depreciation |
A decline in the value of property, due to any
cause; the opposite of appreciation Also an expense deduction taken for tax
purposes over the period of owning income property |
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Devise |
To dispose or convey ownership of real property
via a will |
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Disclosure |
A statement of facts made by the buyer about the
condition of a property being sold and its surrounding area, required by law in
most US states |
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Discount point |
A unit of measurement used for loan charges,
with one point equaling 1 percent of the value of the loan |
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Dower |
The rights of a spouse to the property of their
deceased spouse |
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Down payment |
The amount of the purchase price of a property
paid in cash (i.e. not financed with a mortgage) that is required to secure the
property; typically 20% |
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Dual agency |
Representation of opposing parties in a
transaction (e.g. when a realtor is the agent for both buyer and seller);
requires consent of both parties to be allowed, and is illegal in some US
states |
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Due-on-sale clause |
A provision in a mortgage allowing the lender to
demand payment of the entire balance of the note if the mortgagor sells or
otherwise transfers the property |
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Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
What is a "jumbo mortgage"?
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| A |
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates. |
 See More Real Estate Trivia > |
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Derya Martin
Meybohm Realtors
6004 Evans Town Center Boulevard
Evans GA 30809
706-664-7774
Fax: 877-664-7774
deryamartin@gmail.com: deryamartin@NUMBER1EXPERT.com
Born and raised in Germany, I moved to the United States in 2004 and I have spent the past 6 years dedicated to the realms of real estate, specializing in regular and military relocation. My husband currently works for the army as a firefighter, but was previously enlisted, resulting in my experience in relocation.
I feel that I have been directly led to this chapter of real estate due to my experiences and skill set. Being involved in relocations personally has given me a thorough understanding of the process as well as allowed me to really connect with the emotions and concerns clients may be experiencing. I've been there.
I can easily step into a clients' shoes to really relate with their needs having been the client so many times in the past. Moving is hard, especially when you have a family to uproot. Working with a relocation specialist that has a vast knowledge with the areas they cover is very important. That's why I make sure to be prepared for any questions my clients may have.
I am trilingual in English, German and Turkish, allowing me to work with a wider range of clients and I love it. Being able to experience different cultures and values held by clients is a definite perk for me. Knowing that I am able to have a positive impact on someone's moving experience actually means a lot to me, because I've been there. I've experience those ups and downs, those potential worries that sometimes appear.
Moving can be stressful, because aside from the packing and organizing, you're leaving what's familiar to you. As a relocation specialist, I will come to the table with full confidence and knowledge to enable me to provide assistance. I strive to be the best that I can be and to leave my clients happy and comfortable.
Let me show you what a relocation done right is like. Moving can be overwhelming to begin with; I want to make the difference.  
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