Glossary |
Terms that are on use on this site.
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| J |
| There are 8 entries in the glossary. |
| Pages: 1 |
| 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. |
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| Joint liability | The responsibility of two or more people to fulfill the terms of a home loan or debt. |
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| 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. |
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| Joist | A floor or ceiling support member supported by foundation walls, piers or beams. Subflooring is connected to floor joists. |
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| 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 persons property. |
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| Judicial foreclosure | A procedure to handle foreclosure proceedings as civil matters. |
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| Jumbo mortgage | Loans that exceed limits set by Fannie Mae and Freddie Mac. The current limit is $300,700. |
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| Junior mortgage | A loan that subordinate to the primary loan. |
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Glossary V2.0 |