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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
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Jim Everhart Team REMAX 100 10665 Stanhaven Place White Plains, MD 20695 Office: 301-893-3984 Cell: 301-643-3298 Toll Free: 866-350-3984 Fax: 301-843-9656 Email: jimeverhart@NUMBER1EXPERT.com business: mrsoldjim@aol.com
Jim Everhart offers professionalism and satisfaction to his clients, buyers and sellers alike. He is a multi-million dollar producer with 20 plus years in serving the Southern Maryland area with RE/MAX 100 Real estate office in White Plains, Maryland. Making your transition from one home to another easy and unstressful is his job. Visit him at the RE/MAX 100 website or email Jim and speak to him personally. You won't be disappointed!
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