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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 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...
| Q |
Upon completion this year, what will be the tallest residential building south of New York and east of Chicago?
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| A |
Located in Biscayne Bay, Florida, the $120 million, 51-floor luxury condominium will be called The Santa Maria. |
 See More Real Estate Trivia > |
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Drew Coleman
The Hasson Company Realtors
15400 SW Boones Ferry Road
Lake Oswego, OR 97035
Cell: 503-534-1550
Fax: 503-212-5150
Office: 503-635-9801
DrewColeman@NUMBER1EXPERT.com
Top-producing full time real estate professional since 2001. Headquartered in Lake Oswego, Oregon at America's top-producing real estate company on a per-agent basis, The Hasson Company Realtors. Recognized as one of Portland's top agents based on standing in highest classification of the Metropolitan area's "Million Dollar Club" as well as holding the ABR, GRI, E-Pro, CRS, CNHS, & RCC designations. Areas of expertise include Urban and Suburban Portland, Oregon, including Portland, Lake Oswego, Beaverton, Tigard, Tualatin, West Linn, Clackamas, Milwaukie, Wilsonville, Aloha, Hillsboro, Newberg and Sherwood. Seeks to streamline and modernize the real estate process through the use of innovative techniques, technologies, and marketing strategies.
New construction, luxury real estate, one-level homes, first-time home purchases, property marketing, relocation, estate sales, investment real estate, condominiums, move-up transactions, move-down transactions, rehabbing, land, development, senior real estate.      
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