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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 |
|
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 |
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Jim Wilson
Coldwell-Banker/Bud Church Realty
7806 Coastal Highway
Ocean City
MD 21842
Office: 1-800-851-7326
Cell Phone: 410-251-4486
Fax: 410-524-1837
jimandjim@NUMBER1EXPERT.com
Jim Wilson has vacationed in the Ocean City area since 1974. He attended Salisbury University and graduated with a Bachelor of Arts degree. While living on the Eastern Shore since 1997 Jim was recently appointed to the Worcester County Building Code Appeals Board. With the knowledge of the area and enthusiasm of real estate working with me you will have one of the finest realtors on your side.   
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