Dictionary

You can browse real estate terms here

Joint Note

A note signed by two or more persons who have equal liability for payment.

Joint Tenancy

The holding of an estate or property jointly by two or more parties, the share of each passing to the other or others on death. Joint ownership by two or more persons with the right of survivorship; all joint tenants own equal interest and have equal rights in the property.

Joint Tenants

In estate law, joint tenancy is a special form of ownership by two or more persons of the same property. The individuals, who are called joint tenants, share equal ownership of the property, and have the equal, undivided right to keep or dispose of the property.

Joint Venture (JV)

A commercial enterprise undertaken jointly by two or more parties which otherwise retain their distinct identities.

Judgment

The final determination of a court of competent jurisdiction of a matter presented to it; money judgments provide for the payment of claims presented to the court, or awarded as damages, etc.

Judicial Foreclosure

Judicial foreclosure refers to foreclosure cases that go through the court system.

Jumbo Loan

A jumbo loan is a type of mortgage that is used to finance real estate that is too expensive for a conventional conforming loan.

Jurisdiction

The authority by which judicial officers take cognizance of and decide cause; the right and power which a judicial officer has to enter upon the inquiry.