Featured Listings
Opportunity Knocks, Location and Value Abound in this wonderful South Hill Rancher 
Looking for location & value? Well look no further then this wonderful and charming South Hill rancher. Read more... |
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Experience the beauty of Newport from your front porch! 
Whether it’s the mountain view from the front deck, the experience of wildlife from your back patio, or the warmth and comfort inside, this home will make you feel good. Situated on a corner lot in the heart of town this home is worth a look! Read more... |
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Wonderful 2 Story Colonial Home - Spokane Valley 
SECRET REVEALED! First time on the market in over 15 years for this family paradise. From the quiet tree lined street to the private and shady yard complete with pool and basketball hoop, this property with appeal to your sense of home. Read more... |
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Real Estate Tools Real Estate Glossary
Real Estate Tools 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 CreightonMBA, e-PRO, GRI
Spokane Real Estate Advisor
John L Scott Real Estate
Cell (509) 979-2535
Office (509) 924-4200
Fax (509) 924-4070
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