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REAL ESTATE 101


Real Estate Glossary - J

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 liability
The responsibility of two or more people to fulfill the terms of a home loan or debt.

Joint tenancy
Ownership by two or more people that gives equal shares of a piece of property. Rights pass to the surviving owner or owners.

Judgment
Decree of a court declaring that one individual is indebted to another and fixing the amount of such indebtedness.

Jumbo Loan
A mortgage larger than the maximum eligible for purchase by the two Federal agencies, Fannie Mae and Freddie Mac.

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