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WELCOME to this month's
real estate update. In this issue you'll find helpful tips
for the home owner. Whether you're ready to buy, sell, or
just need a few tips for around the house, it's all here.
Be sure to visit each month to
see new articles, and updates!QUESTIONS and answer database can help you get started.
VIEW
TERMS and
definitions database. VIEW
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REAL ESTATE TERMS DATABASE
Click on any letter to view terms, and definitions.
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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.
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