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Joint Ownership Agreement |
An agreement made between two or more owners of
the same property, defining their rights and responsibilities (e.g. recommended
in the case of married owners of property)
See Equity
sharing |
|
Joint tenancy, or Tenants by the
entirety |
Ownership of real estate by two or more parties
held jointly for life; if one of the owners dies, the survivor(s) inherit the
property without reference to the deceased's will |
|
Judgment |
A decision or decree made by a court of
law |
|
Judgment lien |
A claim against the real property of a debtor,
as decreed by the court |
|
Jumbo loan, or Non-conforming
loan |
A loan amount that exceeds the limits set by the
Federal National Mortgage Association and the Federal Home Loan Mortgage
Corporation; because such loan cannot be funded by these two agencies, it
carries a higher interest rate |
|
Junior mortgage, or Secondary
mortgage |
A mortgage whose claim to repayment is of lesser
priority than another, previously recorded mortgage |
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Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
What is considered the oldest surviving non-native building in the U.S.?
|
| A |
The governor's palace in Sante Fe, New Mexico, built in 1609, was constructed with materials and methods adapted from the native Indians.
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 See More Real Estate Trivia > |
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Kathy Brown
Ebby Halliday Realtors
1016 E. Hebron Pkwy #140
Carrollton, TX 75010-1000
Phone: 972-381-6119
Fax: 972-862-5987
Email: dallashomesales@NUMBER1EXPERT.com
Kathy Brown is a native Texan who began her real estate career in 1984. She has been a Dallas/ Fort Worth resident for over thirty years and has personally experienced numerous relocations. She is an Ebby Halliday Multi-Million Dollar Producer and "Star Achiever". Let Kathy Brown make your next move your BEST MOVE!
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