Keller Williams of Central Pa East
530 Lockwillow Rd
Harrisburg, PA, 17112
Office Phone: 717-533-8000
Laurel’s Mobile: 717.608.3120
[email protected]

Real Estate Hershey Area

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Glossary of Terms - J

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

Joint liability
The responsibility of two or more people to repay a debt.

Joint Petition
One bankruptcy petition filed by a husband and wife together.

Joint Tenants
A form of holding title where the owners have 100% rights of survivorship unless redirected by a will.

Jumbo Loan
A loan which is larger (more than $300,700) 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

Judicial foreclosure
A court judgment ordering that a property be sold to repay a debt.

Junior mortgage
A home loan than is subordinate to the primary loan, or first mortgage.

































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