A form of co-ownership that gives each tenant equal interest
and equal rights in the property, including the right of
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
A lien on the property of a debtor resulting from the decree
of a court.
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.
A loan that exceeds Fannie Maes legislated mortgage
amount limits. Also called a nonconforming loan.