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Compare three
mortgages at one time. Download TripleCalc now. It's free.
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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...
| Q |
What was the longest distance a building has ever been moved?
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| A |
Detroit's five-story Gem Theater, built in 1927, was moved 1,850 feet (5 blocks) to make way for two new sports stadiums. |
See More Real Estate Trivia > |
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Mike Smith Premier Real Estate & Property Management, LLC 95064 Toftdahl Lane Junction City, Oregon 97448 Phone: 541-234-2288 Fax: 541-234-2187 Cell: 541-954-4946 E-Mail: mikesmithbroker@NUMBER1EXPERT.com Direct E-Mail: BrokerMike@Comcast.net
Mike Smith is one of the top Broker's in the Eugene/Springfield area. With over 25 years of Real Estate experience, he has a proven track record that few Broker'can match! Experienced affiliates work with Mike to provide SUPERIOR SERVICE. They free Mike to spend more time with YOU! State of the art computers and other technologies allow Mike to provide fast, efficient, knowledgable, service to his clients! Mike's credentials include. CCIM
Canidate, Vast knowledge of 1031 Tax Deferred and Reverse Exchanges, Specializing in Residential, Multi Family Investments, Development Land, Property Management, and Farms/Ranches Serving Lane and South Linn Counties 
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