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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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Linda Lombardini Trillium Real Estate 214 West Kingsley Ann Arbor, MI. 48103 Office: 734-302-3011 Fax: 734-302-3099 Mobile: 734-216-6415 Text Me: 734-216-6415 Email: LindaLom@TrilliumRealtors.com Call or Text Me at 734-216-6415 Linda Lombardini has been a Realtor since 1991. Her expertise is in educating and counseling her clients so that they may make sound real estate decisions. She is known throughout the Ann Arbor marketplace for her high level of integrity that she brings to her real estate practice. Linda has served the Ann Arbor Area Board of Realtors as a director, and a member of the Grievance and Professional Standards Committees. She has also served on numerous non profit boards and city of Ann Arbor task forces and committees. Linda’s expertise is in helping people buy or sell residential real estate, including homes, condos, new construction and vacant land in the Washtenaw County and surrounding areas, including Ann Arbor, Chelsea, Dexter, Grass Lake, Milan, Pinckney, Saline, Whitmore Lake and Ypsilanti. www.LindaLom.com is brought to you by Linda Lombardini NUMBER1EXPERT™ in real estate for Ann Arbor, Ypsilanti and Chelsea, Michigan Read Linda Lombardini's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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