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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 
Which metropolitan area in America currently offers the most affordable market in which to buy new homes?

A 
The housing market in Youngstown, Warren and Boardman, Ohio is currently the most affordable metro area in the U.S.
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The Maez Group, REALTOR®, real estate agent and broker for Albuquerque, Rio Rancho and Santa Fe, New Mexico home listings, property and land for sale - NUMBER1EXPERT(tm)

Joe and Rosanna Maez
Keller Williams Realty

6240 Riverside Plaza Lane NW, Ste. 100
Albuquerque, NM 87120
505-897-1100
Fax: 505-212-0549
rosannamaez@NUMBER1EXPERT.Com

You can breath easy knowing that when Joe and Rosanna Maez are working for you integrity and tenacity are present. Joe and Rosanna are proven experts in Albuquerque and Rio Rancho Real Estate. They are used to handling several transactions of all different sizes at one time. You have made the right choice by putting your trust in the Joe and Rosanna Maez of the Maez Group.

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