|
|
 |
Real Estate Terms Glossary
|
When your seeking to buy or sell Antelope Valley Real Estate, it's impotant that you understand all the commonly terms by the experts.
We have provided this glossary to help you find answers to any question you might have before, during or after your Antelope Real Estate search.
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 subordinate to the primary loan.
|
|
|
