Real Estate Dictionary

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

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

Victoria Carter

When you hire Victoria, you can be confident that the entire process of buying and selling your home will be an efficient one. She has incisive understanding of the local real estate market and is dedicated to 100% client satisfaction. Her real estate career is based upon the founding principles of Coldwell Banker Residential Brokerage: integrity, honesty, and unwavering commitment to professionalism.

"On your side... And by your side... Every step of the way; As you embark on your journey to the best Real Estate choices that NJ offers."

for Short Hills, Millburn, Summit, Maplewood, South Orange, Montclair, New Jersey real estate