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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