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Real Estate Glossary

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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.

Froyam Edel (PB) Broker / Island Specialist
Whale Song Realty, Inc. P.O. Box 1031 Hana, Maui, HI 96713	Office: (808) 248-7570 Fax: (808) 248-7540 Email: whalesongrealty@aol.com