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Betsy Scofield
REALTOR®     Betsy Scofield & Assoc., Inc.
Direct: 281-541-0818 Office: 281-541-0818
Real Estate Terms and Definitions


Click on any letter to view terms, and definitions.

A B C D E F G H I J K L M 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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Although we strive to be accurate as possible, all information contained herein is subject to errors, price change or withdrawal without notice. All real estate listed is subject to the Fair Housing Act of 1968 which prohibits any advertisement for housing "that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin, or an intention to make any such preference, limitation, or discrimination." We will not knowingly list any real estate which indicates any such preference, limitation or discrimination. As required by law, all dwellings advertised are available on an equal opportunity basis.  If your home is currently listed with a real estate broker, our company, and this site is not an attempt to gain your business.