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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 
What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?

A 
Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property
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Christine Schauble and the Schauble Team, REALTOR®, real estate agents and broker for Peoria, Dunlap and Germantown Hills, Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Christine Schauble and the Schauble Team
Keller Williams Premier Realty

2426 W Cornerstone Court
Peoria, IL 61614
Phone 1: 309-693-SOLD (7653)
Phone 2: 309-208-9900
Fax: 309-282-0202
christine@christineschauble.com

My goal, as your full service real estate specialist in the Peoria, Woodford, and Tazewell counties, is providing you with superior service at all times. My local expertise and extensive real estate experience will benefit you greatly when you’re buying or selling a home. Having lived in and around Peoria all of my life, I know Central Illinois has a lot to offer. I consider this community an excellent place to reside, and I would love to share with you my enthusiasm for the many neighborhoods that encompass it. Priding myself on unparalleled service, I look forward to developing a long-term relationship with you. Contact me today to discuss how I can best assist you with your real estate needs.

ABRCRSGRIREALTOR


the schauble team

Keller Williams Premier Realty Realty

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