Apply Now
Individual Consumer
Commercial
Wholesale
Real Estate Broker
About Us
Locations
Calculator
State Licensing
FAQ's
Loan Process
Types of Loans
Links
Glossary
Home Buyers Guide


A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z

  Joint Ownership Agreement
  An agreement between owners defining their rights, ownership, monetary obligations and responsibilities. This could be between and investor and an occupant or the occupants. If an investor is involved, the investor does not take depreciation deductions and none of the occupant's payment is deemed rent for tax purposes. Compare, EQUITY SHARING.
  Joint Tenants
  Two or more persons own a property. Joint tenants with the common law right of survivorship means the survivor inherits the property without reference to the decedent's will. Creditors may sue to have the property divided to settle claims against one of the owners. Compare, TENANTS IN COMMON, TENANTS BY THE ENTIRETY.
  Judgement Lien
 
A judgment is a lien against all real property owned by the judgment debtor in the county where the judgment is docketed (recorded).
  Jumbo Loan
 
A loan which is larger (more than $214,600 as of 1/1/97) than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate.
  Junior Mortgage
  Mortgage of lesser priority than the prior recorded mortgage.

Wall Street Financial Corporation 75 Lane Road, Fairfield, NJ 07004
Licensed Lender by the NJ Department of Banking and Insurance. Also licensed lenders in the states of PA, FL, CT, MD, SC, DE, and Virginia State Corporation Commission. Registered Mortgage Broker in New York State securing mortgages through a 3rd party lender. Tel. 888-508-5626, fax. 973-808-8868
Email: customer_support@wsfc.net