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Real Estate Glossary: J

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  • 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 mortgage amount limits. Also called a nonconforming loan.


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101 NE 3rd Ave.  Suite 1270
Ft Lauderdale, FL 33301
P: 954-359-3000
info@FloridaStateRealtyGroup.com

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