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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 
During what great land boom (1919) did investors pay up to $25,000 for lots that had not yet been dredged up from the ocean?

A 
The Florida Land Boom--Carl Fisher founded Miami Beach that year and brought hundreds of investors to the state.
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Bondurant Realty, REALTOR®, real estate agent and broker for Radford, Virginia home listings, property and land for sale

Bill Bondurant, Evelyn Clark & Bart Castleberry
Bondurant Realty Corporation

1300 E. Main Street
Radford, VA 24141
540-639-9672
Fax: 540-633-0972
bondurantrealty@NUMBER1EXPERT.com

Bill, Evelyn, & Bart are unquestionably the best resource for handling your real estate needs in Radford and the surrounding area. Since 1990, they have individually sold more homes each year than 95% of the other agents in the New River Valley. Their desire to earn a REPUTATION FOR RESULTS has kept them consistently at the top of their profession. Call or email them today!!!


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