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Joint Tenancy
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Judgment
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Judgment Lien
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Judicial Foreclosure
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Jumbo Loan
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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.
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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.
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Judgment
Lien
A lien on
the property of a debtor resulting from the decree of
a court |
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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.
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Jumbo Loan
A loan that
exceeds mortgage amount limits. Also called a
nonconforming loan. |
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Lex Realty - Long Island's Oldest Real Estate Office
Serving Syosset, Woodbury, Jericho, Bethpage, Plainview, Muttontown, Laurel Hollow, the Brookvilles, Oyster Bay, Oyster Bay Cove and all of the New York Area Real Estate Communities
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