FIND THE DEFINITION FOR ANY REAL ESTATE
Click on the letters above for terms beginning with that
letter, and then click on the term below.
Don’t see a term here?
Feel free to ask us. (Unfortunately, however, we cannot give you
real estate or legal advice.)
– A form of ownership where to or more parties own a property
on completely equal terms. All owners would have an equal right to possess the property,
would own the same percentage of interest, would get
the property at the same time and would be listed as owners
on the same deed. When
one owner dies, their share of the property would be divided
equally between the surviving owners of the property, meaning
a Joint Tenant could not leave there share of the property to
someone else in a will.
A court decree placing a lien on the real and personal property
of a debtor, to secure payment of a debt.
LIEN – A lien on a property, such as a mortgage, which
would not be first in line for payoff in the event the property
is sold in foreclosure.
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
2002, 2012 Douglas R. Barry