| — 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. |
| Judgement | 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. |
| Judgement 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. |
