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REAL ESTATE GLOSSARY

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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.

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 legislated mortgage amount limits. Also called a nonconforming loan.

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RE/MAX Realty Champions, 44 North Main Street, PO Box 566, Wolfeboro, NH 03894 Cell: (603) 651-8806 Office: (603) 569-3330 Fax: (603) 297-0031
Website: WWW.REINNH.COM      Tim Wade NH REALTOR      Email: LOOKING@REINNH.COM
 
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© 2007 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice.  The agency referenced may or may not be the listing agency for the property listings displayed on this website.
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