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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 |
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Judgment |
A decision or decree made by a court of
law |
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Judgment lien |
A claim against the real property of a debtor,
as decreed by the court |
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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 |
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| Q |
What unique type of home is making news as an affordable, environmentally-friendly housing alternative?
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| A |
Straw bale homes may well become the non-toxic, affordable home of choice in the future. |
 See More Real Estate Trivia > |
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The Rosemary Hofer Group
Hidden Creek Realty
301 Eighth St.
Marlinton, WV. 24954
Broker: Michael Briel
Phone: 304-799-2606
Fax: 304-799-2607
Email: rhofer@NUMBER1EXPERT.com
Rosemary Hofer is associated with Hidden Creek Realty. Prior to moving to West Virginia she lived in Virginia where she worked for a RE/MAX company. She was the #1 RE/MAX agent in Virginia and received the RE/MAX Hall of Fame award in 1999. Her clients range from first time buyers looking for $60,000 condominiums to well-established executives shopping for million dollar estates. Every client receives the attention to detail that is necessary for a smooth transaction. Rosemary's goal is to exceed all of her clients expectations to such an extent that they will make her their Real Estate Consultant For Life! Call or email her today!   
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