BUYING A HOME:Buying a home can be one of the most significant investments of your life. Go to www.Home-Buyers-Manual.info for detailed information that can assist you in making an intelligent and informed decision every step of the way. SELLING A HOME:Do you want to sell your home? Visit www.Home-Sellers-Manual.info and get the maximum market value for your home. Also learn valuable tips to help the entire process go more smoothly. MORTGAGE 101 LIBRARY:Learn about your options in choosing a loan, get educated about interest rates, learn how your credit report affects buying a home and much more by visiting Mortgage 101.
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Glossary of Terms in Real Estate
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
Jalousie window A window that consists of vertical rows of horizontal glass slats that operate together by a crank mechanism that connects all the slats. Joint liability The responsibility of two or more people to fulfill the terms of a home loan or debt. Joint tenancy Ownership by two or more people that gives equal shares of a piece of property. Rights pass to the surviving owner or owners. Joist A floor or ceiling support member supported by foundation walls, piers or beams. Subflooring is connected to floor joists. Judgment The decision of a court or law. If a court decides that a person must repay a debt, a lien may be placed against that person's property. Judicial foreclosure A procedure to handle foreclosure proceedings as civil matters. Jumbo mortgage Loans that exceed limits set by Fannie Mae and Freddie Mac. The current limit is $300,700. Junior mortgage A loan that is subordinate to the primary loan.
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