| Joint Tenancy | A form of co-ownership that gives each tenant equal interest and equal rights in the property, including the right of survivorship. |
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| 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. |
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| Judgment Lien | A lien on the property of a debtor resulting from the decree of a court. |
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| 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. |
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| Jumbo Loan | A loan that exceeds Fannie Mae?s mortgage amount limits. Also called a nonconforming loan. |
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