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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

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

J, K

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

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



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The Stick With Steve Team, REALTOR®, real estate agent and broker for Northwest Suburbs, Arlington Heights and Palatine, Illinois home listings, property and land for sale

The Stick With Steve Team
Coldwell Banker Residential Brokerage

792 E. Rand Road
Arlington Heights, IL 60004
Office: 847-222-8686
Fax: 847-394-5890
Email For Buyers: Julie@StickWithSteve.com
Email For Sellers: Steve@StickWithSteve.com

Through innovative marketing and extensive use of advertising, Steve's average career marketing time of under 30 days from listing to sale is a true barometer of Steve's expertise. In fact, he averages one home sale a week. Steve has over 1100 happy families he has helped and over $300 million dollars in sales. Stick with a proven leader.

ABR CDPE CRS GRI REALTOR Equal Housing MLS



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