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- Jack and Jill Bathroom
A Bath shared by two adjoining bedrooms.
- 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. Sub flooring 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 $214,600.
- Junior mortgage A loan that
subordinate to the primary loan.
Answer's to your questions or
concerns,
Call 248 684-9000 or
E-Mail us for further assistance
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1999-Present ©
Michigan Real Estate Today™
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