NMLS LICENSE #640300BRE #01119095Monday–Friday, 8am-6pm PST

Mortgage Glossary

All | # 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
There are currently 5 names in this directory beginning with the letter J.
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 mortgage amount limits. Also called a nonconforming loan.