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Real Estate Dictionary: Evansville, Newburgh and McCutchanville Indiana home buying, real estate listings, and homes for sale in Vanderburgh and Warrick County, IN
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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F.C. Tucker Emge Realtors

7820 Eagle Crest Blvd. Suite 200
Evansville, IN. 47715
812-449-3420
812-453-2826
812-479-0801
Fax: 812-474-2111
Email: joyce@joycelawrence.com

Joyce moved to Evansville in 1996 and earned her Indiana Real Estate License in l997. She has chosen the Evansville Area as her home and would like to invite you to do the same. Joyce is in the top 5% of realtors with well over 800+ agents, and in the top 10% Nation Wide. To learn more about Joyce and her team visit JoyceLawrence.com.

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