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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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Real Estate Trivia
Q 
What recent hit movie features a field trip scene that supposedly takes place at Columbia University in New York?

A 
The scene in the movie "Spider-Man", where Peter Parker shoots photos of Mary Jane and is bitten by the spider, was actually filmed in the Museum of Natural History in Los Angeles, California.
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Steve and Nancy Evans, REALTOR®, real estate agents and broker for Salt Lake City, Ogden and Layton, Utah home listings, property and land for sale - NUMBER1EXPERT(tm)

Steve and Nancy Evans
Keller Williams Success Realty

1725 E. 1450 S., Suite 220
Clearfield, UT 84015
Phone: 801-510-5000
Fax: 866-409-5945
Email: steveevans@number1expert.com

When you are buying or selling property in today´s real estate market, it´s important to have confidence in your real estate professionals. Our commitment as your local REALTOR? is to provide you with the specialized real estate service you deserve. When you are an informed buyer or seller, you´ll make the best decisions for the most important purchase or sale in your lifetime. That´s why our goal is to keep you informed on trends in the marketplace using the latest statistics in your local area. With property values continuing to rise, real estate is a sound investment for now and for the future. As local area experts with knowledge of the communities, our objective is to work diligently to assist you in meeting your real estate goals. If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don´t hesitate to call or e-mail us. Thank you for visiting our website - please consider it as your online source for local real estate information, and return often for the latest property listing updates.

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