Maui Luxury Real Estate Team

Real Estate Glossary

deed-in-lieu of foreclosure
A deed to real property from a defaulting borrower that is handed over to the lender in order to avoid the necessity of having the lender go through the formal foreclosure proceedings. This can keep negative credit information off the borrower's credit report.
default
Failure to make a mortgage payment on time.
depreciation
The decrease of the value of a property based on market fluctuations.
discount points
A "point" is one percent of the loan amount. A seller or borrower must pay a certain amount of these to their lender in order to get a loan at a specified lower interest rate. Specific to government loans such as FHA and VA.
down payment
An initial payment of the total selling price.
due-on-sale clause
An acceleration clause granting the lender the right to demand full payment of the loan when the property is sold.
Website Map

Maui Luxury Real Estate Team
Keller Williams Realty Maui


Whalers Village
2435 Kaanapali Parkway, Suite A-3
Lahaina, Maui, Hawaii 96761

Toll Free, US and Canada:
  1-866-264-3761
All other points:
  (808) 495-0022
Fax: (808) 661-8951
Email Us

Meyer Computer, Inc.
Web Services provided by Meyer Computer, Inc.
Web Hosting & Design
Sign up for our Maui real estate newsletter!
From the latest real estate market stats to exclusive island updates and the hot listing deals in between, get to know Maui a little better with our newsletter.
X