Miami WaterView Properties
   A Division of Beachfront Realty

Call Toll Free: 1-877-H2OView (420-8439)

Office: (305) 460-6000  Fax: (305) 675-8443  E-mail

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 liability

The responsibility of two or more people to fulfill the terms of a home loan or debt.
 

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.
 

Jumbo mortgage

Loans that exceed limits set by Fannie Mae and Freddie Mac. The current limit is $300,700.
 

Junior mortgage

A loan that subordinate to the primary loan.

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