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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 |
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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 |
|
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 We Miss the Word YOU Are Looking For? 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! We'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! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
| Q |
Where will you find the world's most unusual golf course?
|
| A |
The only golf course on the island of Tonga has 15 holes, and no penalty against the golfer whose golf ball is stolen by a monkey. |
 See More Real Estate Trivia > |
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Erik Johnson's Dream North Team
RE/MAX First, Llc
8583 Highway 51 North
PO Box 142
Minocqua, WI. 54548
Phone: 715-892-1234
Fax: 715-356-1849
Email: erikjohnson@NUMBER1EXPERT.com
Erik Johnson, Broker Owner of Re/Max First, LLC, and the Dream North Team are here to serve you with all of your Real Estate inquiries to fulfill your Northwoods Dreams in the Minocqua area. Erik has over 12 years of sales experience and is a proven top producer with CRS and GRI
designations, ReMax Hall of Fame Member, Platinum Club Member 2004-2008... Prior PGA golf professional he can even give golf tips..(free) we look forward to meeting you soon...
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