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VWXYZjoint 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.