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
Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us 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 us know! we always appreciate feedback.
Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! I'm happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
Q
In what real estate market are more than 90 percent of home sales cash transactions?
A
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates.
Kathy Courtney Realty Group The Kathy Courtney Realty Group at Keller Williams 12008 South Shore Boulevard, Suite 201 Wellington, FL. 33414 Main Office: 561-798-1411 Toll Free: 866-798-4068 Fax: 561-472-1233 Email: kathycourtney@NUMBER1EXPERT.com
The Kathy Courtney Realty Group. We are building strong, life long relationships one client at a time. You can count on The Kathy Courtney Realty Group. Please visit us at our web site www.WestPalmRealEstate.com. Or call us at 561-798-1411.
www.westpalmrealestate.com
is brought to you by Kathy Courtney Realty Group, real estate for
Wellington, West Palm Beach and Royal Palm Beach,
- NUMBER1EXPERT 
See More Real Estate Trivia >
