Real Estate Glossary
Welcome to our Real Estate Glossary. Here you will find many real estate terms having to do with buying or selling houses, loans and other terms having to do with real estate. We hope you find our Real Estate Glossary helpful. If we have overlooked terms, please feel free to add them to our Real Estate glossary.
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 joint tenancy
A form of ownership or taking title to property which means each party owns the whole property and that ownership is not separate. In the event of the death of one party, the survivor owns the property in its entirety.
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. Alternative spelling is "judgement."
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. Other states use non-judicial foreclosure.
jumbo loan
A loan that exceeds Fannie Mae's and Freddie Mac's loan limits, currently at $227,150. Also called a nonconforming loan. Freddie Mac and Fannie Mae loans are referred to as conforming loans.
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