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 mortgage amount limits. Also called a
nonconforming loan.
