Real Estate Glossary

Real Estate Law Glossary

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There are currently 4 names in this directory beginning with the letter D.
Debt Service Ratio
The percentage of a borrower's gross income that can be used for housing costs, including mortgage payment and taxes (and condominium fees, where applicable).

A legal document that conveys (transfers) ownership of a property to the buyer.

The company responsible for taking raw land, subdividing it into lots, bringing in the services (such as sewers and roads) etc., and then selling the lots to the builder.

Once the mortgage has been completely paid, the lender registers a Discharge on title to the property. It has the effect of removing the lender’s registered interest in the property.