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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
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Joint Ownership
Agreement |
An agreement made
between two or more owners of the same property, defining
their rights and responsibilities (e.g. recommended in the
case of married owners of property)
See Equity
sharing |
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Joint tenancy, or
Tenants by the entirety |
Ownership of real
estate by two or more parties held jointly for life; if one of
the owners dies, the survivor(s) inherit the property without
reference to the deceased's will |
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Judgment |
A decision or decree
made by a court of law |
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Judgment
lien |
A claim against the
real property of a debtor, as decreed by the
court |
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Jumbo loan, or
Non-conforming loan |
A loan amount that
exceeds the limits set by the Federal National Mortgage
Association and the Federal Home Loan Mortgage Corporation;
because such loan cannot be funded by these two agencies, it
carries a higher interest rate |
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Junior mortgage,
or Secondary mortgage |
A mortgage whose
claim to repayment is of lesser priority than another,
previously recorded
mortgage |
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
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