All agents are NOT alike! Find out why I am a top real estate expert. Call me at (519)919-2398.
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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 |
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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 |
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Junior mortgage, or Secondary
mortgage |
A mortgage whose claim to repayment is of lesser
priority than another, previously recorded mortgage |
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Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly... 
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Maggie Chen
LC Platinum Realty Inc.
150 Ouellette Place
Windsor, ON N8X 1L9
Cell: 519-919-2398
Office : 519-972-3888
Toll Free: 1-855-972-3888
Fax: 519-972-3898
Email: Maggie@lcplatinumrealty.com
A solid background in both mortgages and real
estate plus a total dedication to CLIENT
SATISFACTION explain our great sales success
and our many satisfied customers.
Maggie knows the Windsor/Essex area completely,
listens to your hopes and dreams, and then converts them to tangible reality.
Before you decide on any course of action involving Windsor/Essex Real Estate, talk to Maggie. You won't regret it! 
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Windsor and Chatham, Ontario
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NUMBER1EXPERT®
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