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.
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