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 Tips

Closing or Settlement >As Closing Approaches

If you are selling a house that is under contract and scheduled to close in a few weeks, what can you do to make the transfer of ownership as easy as possible for you and your buyers?

Keep in close contact with your real estate agent so that you will know if there are any changes in the closing schedule. On the day the property changes hands, your house should be empty, clean and ready for the buyer. Contact all of the utility companies to let them know that you are moving and give the service company the buyer's name (the buyer must follow up with calls to confirm). Don't turn off the gas or electricity because the buyers need to confirm that the appliances are in working order. Let your insurance company know ahead of time that you are selling the house and arrange for your coverage to be transferred to your new home. The most important thing is to start the process well in advance in order to avoid any last-minute complications.

	See All Tips In The "Closing or Settlement" Category >
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Real Estate Trivia

Q	What famous $40+ million home has a 60-foot pool with underwater music and a 20-car garage?
A	The home of Bill Gates, co-founder of Microsoft, features the latest futuristic computer technology.
See More Real Estate Trivia >

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The Kathy Roush Team Coldwell Banker Gundaker 111 Chesterfield Towne Centre Chesterfield, MO. 63005 314-614-4444 636-532-0200 Fax: 636-532-5556 Email: skaroush@cbgundaker.com Kathy Roush is a special kind of realtor. She puts her clients first. Through outstanding service and attention to details she has successfully assisted her clients buy and sell homes since 1997. By serving the clients' needs Kathy has grown her business each year. Kathy has many industry awards to her credit, but she is more proud of the outstanding relationships she maintains with clients and other agents. So if experience, updated marketing techniques, professionalism and good old fashion superior service are important to you, call Kathy today. www.stlouishomeconnection.com is brought to you by Kathy Roush, real estate for West St. Louis County, Town & Country, Chesterfield, Ballwin and Manchester, Read Kathy Roush's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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