The Real Estate Terms & Real Estate Definitions
Real Estate Glossary

This list of Real Estate Terms was compiled into a Real Estate Glossary for informational purposes only to assist our Buyers and Sellers. The Real Estate Terms and Real Estate Definitions are not an exhaustive Real Estate Glossary. Please consult your Home Marketsite Pennsylvania REALTOR or attorney for further advice.

 The Real Estate Terms & Real Estate Definitions
Real Estate Glossary

J

Joint and Several
A liability which allows the creditor to sue any one of the debtors or sue all together.

Joint Tenancy
An undivided interest in property, taken by two or more joint tenants. The interest must equal, accruing under the same conveyance, and beginning at the same time. Upon death of a joint tenant the interest passes to the surviving joint tenants, rather than to the heirs of the deceased.

Judgement
A lien upon a parcel of real estate resulting from a court's decree in a legal action.

Jumbo Mortgage Loan
Mortgage loans over the current conforming amount of $300,700. Loan amounts over this amount are considered non-conforming or jumbo mortgages.

Junior Mortgage
A mortgage subordinate to another mortgage.

The Real Estate Terms & Real Estate Definitions
Real Estate Glossary by:

Home Marketsite - Pennsylvania Real Estate