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Glossary

Select a letter from the list below:

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


J

Jalousie window
Joint liability
Joint tenancy
Joist
Judgment
Judicial foreclosure
Jumbo mortgage
Junior mortgage



Jalousie window
A window that consists of vertical rows of horizontal glass slats that operate together by a crank mechanism that connects all the slats.


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.


Joist
A floor or ceiling support member supported by foundation walls, piers or beams. Subflooring is connected to floor joists.


Judgment
The decision of a court or law. If a court decides that a person must repay a debt, a lien may be placed against that person's property.


Judicial foreclosure
A procedure to handle foreclosure proceedings as civil matters.


Jumbo mortgage
Loans that exceed limits set by Fannie Mae and Freddie Mac. The current limit is $300,700.


Junior mortgage
A loan that subordinate to the primary loan.

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