Real Estate Terms
Real Estate Terms |
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| There are 8 entries in the glossary. | ||
| Pages: 1 | ||
| Term | Definition | |
| Joint Tenancy | A form of co-ownership that gives each tenant equal interest and equal rights in the property, including the right of survivorship. | |
| Joint venture | An equity participation in which a lender puts up funds and others, such as developers, contribute expertise. Other examples include the participation of non-profits agencies with for-profit agencies where one provides the debt and the other the equity. | |
| Joists | Wood beams in a house to which the floor is nailed and the ceiling lath of the floor below is nailed. | |
| 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 mortgage amount limits. Also called a nonconforming loan. | |
| Junior mortgage | Any mortgage on a property that is subordinate to a senior mortgage in priority. | |
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| Glossary V2.0 | ||
