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Steve 248-755-7500 Janet 248-755-7600.
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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 |
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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 |
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Junior mortgage, or Secondary
mortgage |
A mortgage whose claim to repayment is of lesser
priority than another, previously recorded mortgage |
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Did We Miss the Word YOU Are Looking For? Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let us know! We always appreciate feedback. Fill out the form below for a quick response from us by email. It's free, without obligation, and we guarantee your privacy.
| Q |
What does the term Curb Appeal mean?
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| A |
This term describes how homes look from the street; this first impression is very important to prospective homebuyers. |
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The Stockton Team Keller Williams Commerce 2900 Union Lake Road, Suite 210 Commerce, MI 48382 Office: 248-366-7200 248-505-5600: 248-755-7500 Fax: 248-360-7519 Email: janet@thestocktonteam.com Email: steve@thestocktonteam.com
We have become the Lakes Area’s top Real Estate team for one reason, and one reason alone: we give each and every one of our clients the loyalty, professionalism, and personal care that we would a member of our own family. Real Estate is a business, to be sure, and because we know it better than any other firm in shouting distance we are able to offer better service through advertising and our negotiating skills. But we are even more proud of our most ordinary daily achievement, which is to develop warm, human relationships with our clients in which we personally demonstrate the highest levels of commitment, expertise, and perhaps above all, good timing. We love the Lakes Area and we know it from the inside out. Working together, we promise that you will be delighted not only with the outcome we achieve but the way we have achieved it. 


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