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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 |
|
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 I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'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 me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
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| A |
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year. |
 See More Real Estate Trivia > |
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Kay Zagst
CENTURY 21 Keiser & Co.
704 Second Street
Marble Falls, TX 78654
830-693-3579
Fax: 830-693-4494
Kay@LakeLBJRealEstate.com
KAY ZAGST with Century 21 Keiser & Co. is a hard working, energetic real estate professional. Kay has 16 years of experience in the real estate industry and has been with the Century 21 System for 6 years. Kay has achieved "Master Agent" status three of those six years. "Kay is a leader and also an innovator in delivering powerful home choices to her clients because she knows the neighborhoods she serves and leads these communities with real estate expertise," stated Broker/Owner Charlie Keiser, of Century 21 Keiser & Co. "Kay's competitive intelligent professionalism and dedication make her a valued and trrusted real estate partner for the Marble Falls area community and a major contributor to the overall success of the Century 21 System. As one of America's #1 Real Estate Experts™ in the Marble Falls, Horseshoe Bay, Burnet, and Kingsland area, Kay is well equipped to guide you through all your real estate needs. Call or email her today!   
 
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