by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Delivery refers to the legal act by which a deed is transferred from the grantor to the grantee with the intent to convey ownership of the property. Delivery does not require physical possession of the property itself; rather, it focuses on the...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Deficiency Judgment is a court-ordered judgment against a borrower when the proceeds from the sale of a foreclosed property are not sufficient to fully satisfy the outstanding loan balance. After the property is sold (typically at a foreclosure sale)...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Deferred Maintenance refers to repairs and upkeep that have been postponed or neglected over time, resulting in a property that is not in optimal condition. This can include routine maintenance items (such as roof repairs, painting, HVAC servicing, or...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Defeasible Fee (sometimes called a qualified fee) is an ownership interest in land that is otherwise similar to a fee simple absolute but is subject to a specific condition or event. The owner has full possessory rights to the property, but those...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Defeasance Clause is a provision in a mortgage or deed of trust that gives the borrower (mortgagor) the right to regain full title to the property once the loan obligations have been fully satisfied. This clause states that when the borrower pays the...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Default refers to a borrower’s failure to fulfill the obligations set forth in a loan agreement or related legal documents. Most commonly, default occurs when a borrower fails to make required mortgage or deed of trust payments on time, but it can also...
