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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

J, K

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

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

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Real Estate Trivia
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What are the three most common environmental toxins for which homes are tested?

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Mold, asbestos, and lead are tested by specialized inspectors as a regular part of many real estate contracts.
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The Chris Knight Team, REALTOR®, real estate agent and broker for Plymouth, Canton and Northville, Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

The Chris Knight Team
Coldwell Banker Weir Manuel

177 N. Main Street Suite 100
Plymouth, MI 48170
Direct Line: 734-738-2958
Fax: 734-453-3245
chrisknight@NUMBER1EXPERT.com

Why Choose Chris Knight

Chris Knight of The Knight-Matt Team of Coldwell Banker Weir Manuel in Plymouth, has been named the #1 Team in the Nation for Coldwell Banker.

Over the years, Chris has consistently earned the "Circle of Excellence," "Top Sales Associate," "President's Top 30," and "Founder's" awards from his company

Chris began his career 27 years ago and now virtually 100 percent of his business is based on referrals and repeat customers.

Chris has always had a strong work ethic and keen entrepreneurial sense. He now employs a full-time office staff to handle administrative duties. This allows him to maintain frequent personal contact with his clients, keeping them apprised of his efforts, new listings, and potential buyers.

More importantly, Chris always looks after his clients from an investment standpoint. "I like to make sure my clients get a good value so when they're ready to sell the house years later, it will have been a good investment for them," he explains.

Chris is a native of the Plymouth area, currently residing in Plymouth Township with his wife Sue and their daughters, Kylie and Alyssa.



The Knight-Matt Team is the #1 Team in the Nation for Coldwell Banker!

Why Do Some Real Estate Agents Outsell Others 8 to 1?

They negotiate the best deals, list the best homes, have the biggest network of buyers looking for homes, and market properties more effectively, both on the web and off. That's why people come back to them again and again. That's why they sell more homes! They are proven winners - and people know it.

How good is YOUR agent? The Chris Knight Team:

  • Helped people buy and sell a staggering 482 properties in 2010! That's a home or property bought or sold every 16 hours.
  • Had over $80 Million in total sales volume for 2010.
  • Has more than 27 years experience in real estate.
  • Employs a team of 2 full-time administrative assistants and five buyers agents dedicated to helping people buy and sell homes.

For more information please visit www.NUMBER1EXPERT.com.

MLS REALTOR Equal Housing


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