joint
tenancy
A form of co-ownership that gives each tenant equal
interest and equal rights in the property, including the
right of survivorship.
judgment
A decision made by a court of law. In judgments that
require the repayment of a debt, the court may place a
lien against the debtor's real property as collateral for
the judgment's creditor.
judgment lien
A lien on the property of a debtor resulting from the
decree of a court.
judicial
foreclosure
A type of foreclosure proceeding used in some states that
is handled as a civil lawsuit and conducted entirely
under the auspices of a court.
jumbo loan
A loan that exceeds Fannie Mae’s legislated mortgage amount limits. Also called
a nonconforming loan.
|
