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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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| Q |
What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?
|
| A |
Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property |
 See More Real Estate Trivia > |
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Kathleen Kellett
Better Homes and Gardens Real Estate III
17 Parkway Lane
Fishersville, VA 22939
Phone: 540-241-0065
Fax: 540-886-5248
kathleenkellett@gmail.com
I am a professional real estate agent who genuinely cares about the people I represent. I offer services on this website without obligation or expectation of compensation. I offer this because I want to become your Realtor for life. As your trusted, caring, professional, I will help you find the best home for you and your family in your desired Augusta County or Shenandoah Valley Virginia area within your price range. If you have a home to sell, I will work to sell it as quickly as possible for as much as the market will bare.  
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