Real Estate terms starting with J

10 terms

1. Jamb The side parts of a window frame or window opening, as distinct from head and sill.
2. Jigsaw Carving Wooden ornament cut with a thin narrow saw blade.
3. Joint tenancy See: tenancy.
4. Joint Tenancy (with Rights of Survivorship) Two or more owners share equal ownership and rights to the property. If a joint owner dies, his or her share of the property passes to the other owners…
5. Joint venture An agreement between two or more parties who invest in a single business or property; similar to a limited partnership.
6. Joist One of a series of parallel timber beams used to support floor and ceiling loads, and supported in turn by larger beams, girders, or bearing walls; the…
7. Judgment A legal decision; when requiring debt repayment, a judgment may include a property lien that secures the creditor's claim by providing a collateral source.
8. Judgment Lien A lien on the property of a debtor resulting from the decree of a court.
9. Jumbo Loan A loan that exceeds the mortgage amount eligible for purchase by Fannie Mae or Freddie Mac. Also called "nonconforming loan."
10. Junior Mortgage A loan that is subordinate to the primary loan or first-lien mortgage loan, such as a second or third mortgage.