D-Definitions 2016-10-14T16:26:34+00:00

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DEED
A written document which conveys ownership of land from one person to another.

DEED OF TRUST
A document executed by the owner of land by which the land is given as security for the payment of a note or other performance of an obligation. In California and some other states the Deed of Trust is usually used in place of a mortgage.

DEFAULT
Failure to perform a duty or pay an obligation.

DEFICIENCY JUDGEMENT
A personal judgment in a judicial foreclosure action for the remaining amount due after the sale of the security.

DEMANDS/BENEFICIARY’S DEMAND
A statement from a lender showing the amount due on a loan.