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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 mortgage amount limits. Also called
a nonconforming loan.
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