Spokane Real Estate Advisor

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Enjoy your own little oasis in the middle of the Valley. Situated on almost 3/4 of an acre, featuring a 24x36 shop, an in ground swimming pool, manicured yard and grounds, gazebo and deck there truly is No Place like Home! Read more...

Panoramic Views & Private Setting!

Situated on 7 acres, yet 10 minutes to downtown this Custom Cedar home has it all! The open floor plan is conducive to living and entertaining. Read more...

Entertain Family & Friends!

Entertain in this open and bright Shelley Lake rancher. As you enter the front door, the warm colors and tasteful décor will provide a soothing sensation. A great kitchen dining area with a full finished basement. Read more...

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Real Estate Glossary

Real Estate Glossary
Glossary of real estate terms

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Term	Definition
Joint Tenancy	A form of co-ownership that gives each tenant equal interest and equal rights in the property, including the right of survivorship.

Joint venture	An equity participation in which a lender puts up funds and others, such as developers, contribute expertise. Other examples include the participation of non-profits agencies with for-profit agencies where one provides the debt and the other the equity.

Joists	Wood beams in a house to which the floor is nailed and the ceiling lath of the floor below is nailed.

Judgment	A decision made by a court of law. In judgments that require the repayment of a debt, the court may place a lien against the debtor's real property as collateral for the judgment's creditor.

Judgment Lien	A lien on the property of a debtor resulting from the decree of a court.

Judicial Foreclosure	A type of foreclosure proceeding used in some states that is handled as a civil lawsuit and conducted entirely under the auspices of a court.

Jumbo Loan	A loan that exceeds mortgage amount limits. Also called a nonconforming loan.

Junior mortgage	Any mortgage on a property that is subordinate to a senior mortgage in priority.

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Glossary V2.0

Contact John

John Creighton
MBA, e-PRO, GRI
Spokane Real Estate Advisor
Licensed in Washington & Idaho

John L Scott Real Estate
Cell (509) 979-2535
Office (509) 924-4200
Fax (509) 924-4070 This e-mail address is being protected from spam bots, you need JavaScript enabled to view it