Albuquerque NM Real Estate Key Terms
Joint and Several Liability is when each of the individual owners is personally responsible for the total damages.
Joint Tenancy is the ownership of real estate between two or more parties who have been named in one conveyance as joint tenants. Upon the death of a joint tenant, the decedent’s interest passes to the surviving joint tenant.
Joint Venture is the joining of two or more people to conduct a specific business enterprise.
Judgment is the formal decsion of a court upon the respective rights and claims of the parties to an action or suit.
Junior Lien is an obligate such as a second mortgage that is subordinate in right or lien priority to an existing lien on the same real estate.
Just Compensation is an amount of compensation to be received by a party for the taking of their property under the power of eminent domain.
Myers & Myers Real Estate is a full service real estate brokerage located in Albuquerque New Mexico. We help home buyers and home sellers in the Albuquerque metro achieve their real estate goals. Our website has every home for sale in the Southwest Multiple Listing Service. Check out homes for sale in Albuquerque, homes for sale in Rio Rancho, homes for sale in Corrales, homes for sale in East Mountains, homes for sale in Valencia County, and homes for sale in Los Lunas.