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Glossary of Terms > D > DEFAULT

DEFAULT

Failure to make the mortgage payment within a specified period of time. For first mortgages or first trust deeds, if a payment has still not been made within 30 days of the due date, the loan is considered to be in default.

D Terms

DAYS ON MARKET

DEBT-TO-INCOME (DTI) RATIO

DEED

DEED OF TRUST

DEED-IN-LIEU

DEFAULT

DELINQUENCY

DEPOSIT

DEPRECIATION

DISCOUNT POINTS

DOWN PAYMENT

DUE-ON-SALE PROVISION