Colorado Springs Vintage Homes Blog
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Archive for August 13th, 2008
Real Estate Dictionary — “D” is for Deed
Knowledge is Power
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I’m looking at selling my home in the Old North End, and I want to know how long it will take me to sell my house? Your Realtor can do some research and tell you about the Average days on market in your neighborhood. This will give you a starting point for your expectations.
What is a deed? A deed is a document used to transfer ownership in a property. There are many types of deeds, but the most common in Colorado is a General Warranty Deed.
My neighbor is trying to sale their house in a short-sale, and he said he is concerned about a Deficiency Judgement, what is this? The bank or financial institution that holds the mortgage on the property may get a judgment against your neighbor for the loan deficiency, and they call this a Deficiency Judgment.
I’ve been reading about demographics, is this something Read the rest of this entry »
