Mar 09 , 2016

Tampa School of Real Estate

Just Value

Definition:  The fair market value of something. Pronunciation:   \ˈjəst, ˈjüst\ \ˈval-(ˌ)yü\ Used in a Sentence:   The seller wanted to get just v...

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Mar 09 , 2016

Tampa School of Real Estate

Junior Mortgage

Definition:   A mortgage, such as a second mortgage, that is subordinate in right or lien priority to an existing mortgage on the same real propert...

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Mar 09 , 2016

Tampa School of Real Estate

Junior Lien

Definition:   Priority based on the date of recording in the public records. Pronunciation:   \ˈjün-yər\\ˈlēn, ˈlē-ən\ Used in a Sentence:   The IR...

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Mar 09 , 2016

Tampa School of Real Estate

Judicial Review

Definition:   The power of a court to reexamine statutes or administrative acts and to determine their validity; an appeal to a higher court. Pronu...

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Mar 09 , 2016

Tampa School of Real Estate

Judgement

Definition:   The formal decision of a court that not only declares that one party owes another party a debt but also determines the debt amount. P...

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Mar 09 , 2016

Tampa School of Real Estate

Joint Venture

Definition:    The joining of two or more people in a specific business enterprise, such as the development of a shopping center or condominium pro...

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