A B C D E F G H I J K L M N J P Q R S T U V W X Y Z
A B C D E F G H I J K L M N J P Q R S T U V W X Y Z |
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Terms: J |
| Joint Tenancy |
| A form of co-ownership that gives each tenant equal undivided interest and rights in the property, including the right of survivorship. |
| Judgment |
| A decree by a court of law that one person, a debtor, is indebted to another, a creditor, in a specified amount. The court may place a lien against the debtor's real property as collateral for payment of the judgment to the creditor. |
| Judgment Lien |
| A lien on the property of a debtor resulting from a judgment. |
| Judicial Foreclosure |
| A type of foreclosure proceeding used in some states that is handled as a civil lawsuit where the court confirms the sales price for the property and the distribution of the sale proceeds. |
| Jumbo Loan |
| A loan that exceeds Fannie Mae's legislated mortgage amount limits of $300,700. Also called a nonconforming loan. |