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Joint Tenancy |
A form of co-ownership that gives each tenant equal interest and equal rights in
the property, including the right of survivorship.
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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.
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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.
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Jumbo Loan |
A loan that exceeds Fannie Mae’s mortgage amount limits. Also called a nonconforming
loan.
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Judgment Lien |
A lien on the property of a debtor resulting from
the decree of a court.
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