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Real Estate Terms - letter J



Real Estate Terms - letter J

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Letter J


Joint tenancy
A form of co-ownership that gives each resident the same interest and equal rights in the property, including the right of survivorship.

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 totally under the auspices of a court.

Jumbo loan
A loan that exceeds Fannie Mae's legislated mortgage amount limits. Also know a nonconforming loan.