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"Comprehensive Glossary of Real Estate Terminology – Letter J"


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Peruse the following real estate terminology and learn to "talk the talk"! Just click on the appropriate letter and start feeding your head now!


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N O P Q R S T U V W X Y Z


J

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.

Junior Mortgage: A loan that is subordinate to the primary loan or first-lien loan, such as a 2nd or 3rd mortgage.




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