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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 |
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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 |
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Judgment |
A decision or decree made by a court of
law |
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Judgment lien |
A claim against the real property of a debtor,
as decreed by the court |
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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 |
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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... |
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Fawn Brents
Kansas City Real Estate, Inc
14 SW 3rd St.
Lee's Summit
MO, 64063
Office: 816-246-7700
Jennifer Dove: 816-260-8884
Fawn Brents: 816-728-8688
John Brents: 816-830-9919
Email: jennifer.dove@gmail.com
Jennifer Dove: jennifer.dove@gmail.com
Fawn Brents is a board-certified Master of Real Estate. She is in the top 1% of Realty Executive agents compared internationally in total sales. She is an experienced expert in residential real estate. Her father was a developer/builder in Lee's Summit and Kansas City for many years. She enjoys one of the lowest time-on-market rates in Jackson County (that means that the statistics prove that her listings sell very fast.)
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