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Crystal Falls
$ 59,900

Real Estate Glossary

4 - A - B - C - D - E - F - G - H - I - J - L - M - N - O - P - Q - R - S - T - U - V - W -

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.
1344 West US 2 - Crystal Falls, MI 49920            Toll Free: (877)875-6331     Local:(906)875-6331
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