South Central Wisconsin Multiple Listing Service

Glossary of Terms

A B C D E F H I J L M N O P Q R S T U V W

  • Deed of Trust

    An instrument used in many states in place of a mortgage. Property is transferred to a trustee by the borrower (trustor), in favor of the lender (beneficiary), and reconveyed upon payment in full.

  • Due on Sale

    A type of acceleration clause, calling for a debt under a mortgage, deed of trust or land contract to be due in its entirety upon transfer of an interest in the secured property. Also called "alienation clause."



  • Default (also called Breach)

    An omission or failure to perform a legal duty.

A B C D E F H I J L M N O P Q R S T U V W

The South Central Wisconsin MLS serves Dane, Sauk , Columbia, Rock, Dodge, Iowa, Green, Lafayette, Grant, and Richland Counties, as well as portions of Jefferson, Crawford, Vernon, Juneau, Monroe, Adams, Marquette, Green Lake, and Waushara Counties.

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