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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 economic factor can make the purchase of a home an excellent long-term investment?

A 
Home price appreciation can result in a substantial return on the buyer's investment as a house increases in value over time.
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Denise Woods, REALTOR®, real estate agent and broker for Powhatan, Chesterfield and Amelia, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Denise Woods
RE/MAX Commonwealth Group

3430 Anderson Hwy #E
Powhatan, VA 23139
Office: 804-598-0007
Fax: 804-423-2411
Cell Phone - Denise: 804-337-4410
Cell Phone - Cathy: 804-921-4814
Denise Woods: Denise@denisewoods.com
Cathy Gusti: Cgusti@remax.net

The Denise Woods Realty Team combined has more than 25 years of experience in the real estate industry. We have helped OVER 1,000 (ONE THOUSAND) families with their real estate needs. Denise and Cathy focus on superior customer service with our clients! We love what we do!

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