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