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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 Tips
Home Inspections >About Termites

Most real estate offers require an inspection by a licensed exterminator to determine that the house doesn't have termites or other wood boring insects. The inspector will look for two signs in deciding whether or not to pass a house--an active termite infestation and evidence of a past infestation.

If your house does not pass the termite inspection, get a list of qualified exterminators from your real estate agent. Find out what treatment options they offer and what they charge for the service. Exterminators are usually quite competitive. If your home was treated for a past infestation, the company which performed the extermination may be willing to re-certify your home without a second treatment. Arrange for the termite inspection as early as possible, so you will have time to determine the best way to get rid of them, if they are found.

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Real Estate Trivia
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What do 84% of homebuyers who use the Internet to search for homes have in common?

A 
They use a real estate agent to purchase their home.
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The Lowry Team, REALTOR®, real estate agent and broker for Cincinnati, West Chester and Liberty Township, Ohio home listings, property and land for sale - NUMBER1EXPERT

Eric Lowry
Keller Williams Realty Associate Partners

7395 Kingsgate Way
West Chester, Ohio 45069
Phone #: 513-874-1830
Fax #: 513-842-8684
Email: Eric@LowryTeam.com

"Providing Personal, Professional Real Estate Service" Eric is a full-time real estate professional specializing in the sale of existing and new construction homes in the Cincinnati, West Chester, Beckett Ridge and Liberty Township, Ohio areas. Eric is also very experienced in working with relocating clients searching for a home in West Chester, Mason & Liberty Township and in working with their relocation companies. In today's real estate market "Experience Counts"!

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Keller Williams real estate and homes for sale in Cincinnati, West Chester and Liberty Township Ohio

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