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Real Estate Glossary
Real Estate Glossary | |
| Glossary of real estate terms | |
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| There are 8 entries in the glossary. | |
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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 | |
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
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