Real Estate Glossary

joint tenancy
Ownership of a property by two individuals. If one individual dies, the other owns the property entirely based on the "right of survivorship".
judicial foreclosure
A court action taken to collect a debt owed.
jumbo loan
A mortgage of $25,000 or more. Such loans often have a higher interest rate.
Debra Merle - R, ABR, CRS, GRI
Island Sotheby's International Realty
3628 Baldwin Avenue
Makawao, HI 96768
Office:(808) 572-8600
Fax: (808) 572-8644
deb@debramerle.com
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