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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

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Real Estate Tips First Time Buyers >Locate Your Lifestyle If you are looking for a new home, it is important to communicate with your real estate agent about any special aspects of your lifestyle that will influence your choice. This information will help your agent to locate the perfect home for you and your family. Are you a gourmet cook who loves giving lots of parties? Do you want space to accommodate hobbies such as painting, photography, or woodworking? Will your decision be influenced by the accessibility of a community gym, a golf course or tennis courts? Does your son need space to rehearse with his rock band? Do you need a home office? Are you planning to enlarge your family? Is there someone in your household who cannot climb stairs? Knowing the significant factors that will influence your housing decision helps the agent to narrow the selection of homes on the market. See All Tips In The "First Time Buyers" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  Where is the world's longest spiral staircase? A  The White County Coal Mine in Carmi, Illinois has a spiral staircase that measures 1,103 feet and has 1,520 steps. See More Real Estate Trivia >

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Nancy Watson Coldwell Banker Honig Bell 1957 DeKalb Avenue Sycamore, IL 60178 888-556-7653 Cell Phone:: 815-757-5470 Fax:: 815-756-6757 Email: nwatson@nancywatsonhomes.com Nancy Watson has been a realtor in DeKalb County for 36 years. She is a Graduate of the Realtors Institute of Illinois, and a Certified Residential Specialist. We are located approximately 60 miles west of Chicago. She can price your home in less than 24 hours. Relocation packages are available upon request. Nancy can show every listing in the community. Nancy is a member of Northern Illinois MLS. Let Nancy help you find your Dream Home Today! www.nancywatsonhomes.com is brought to you by Nancy Watson, real estate for DeKalb and Sycamore, Illinois Read Nancy Watson's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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