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RMI Holdings Team |
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RMI Holdings, LLC |
118 South Cherry Street |
Ocilla, GA 31774 |
Office: 229-468-4070 |
Fax: 229-468-9497 |
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Real Estate Terms Glossary |
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Jalousie window |
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A window that consists of vertical rows of horizontal glass slats that operate together by a crank mechanism that connects all the slats. |
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Joint liability |
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The responsibility of two or more people to fulfill the terms of a home loan or debt. |
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Joint tenancy |
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Ownership by two or more people that gives equal shares of a piece of property. Rights pass to the surviving owner or owners. |
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Joist |
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A floor or ceiling support member supported by foundation walls, piers or beams. Subflooring is connected to floor joists. |
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Judgment |
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The decision of a court or law. If a court decides that a person must repay a debt, a lien may be placed against that person's property. |
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Judicial foreclosure |
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A procedure to handle foreclosure proceedings as civil matters. |
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Jumbo mortgage |
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Loans that exceed limits set by Fannie Mae and Freddie Mac. The current limit is $214,600. |
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Junior mortgage |
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A loan that subordinate to the primary loan. |
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