Definition
Deed
The legal instrument transferring ownership of real property from one party to another.
Nearby terms
Debt Service Coverage Ratio
Gross rental income divided by PITIA.
Debt-to-Income Ratio
Total monthly debt obligations divided by gross monthly income.
Deed in Lieu of Foreclosure
Voluntarily transferring the property to the lender to satisfy the debt and avoid foreclosure proceedings.
Deed of Trust
A security instrument used instead of a mortgage in many states, involving a trustee who holds title until the debt is satisfied.
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