Monday, March 15, 2010

REAL ESTATE 101 GLOSSARY "J" - OAKVILLE HOMES



Jalousie window
A window that consists of vertical rows of horizontal glass slats that operate together by a crank mechanism that connects all the slats.

Joint tenancy
Ownership by two or more people that gives equal shares of a piece of property. Rights pass to the surviving owner or owners.

Joist
A floor or ceiling support member supported by foundation walls, piers or beams. Subflooring is connected to floor joists.

Judgment
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.

Judicial foreclosure
A procedure to handle foreclosure proceedings as civil matters.



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