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 mortgage amount
limits. Also called a nonconforming loan.
