JAMB:The side of a door frame.
JOINT TENANCY:A situation where two or more parties own a piece of property together. Each of the owners has an equal share, and may not dispose of or alter that share without the consent of the other owners.
JOISTS:Horizontal beams laid on edge to support flooring or a ceiling.
JUDGMENT:An official court decision. If the judgment requires payment from one party to another, the court may put a lien against the payees property as collateral.
Judgment Lien::A lien against the property of a judgment debtor. An involuntary lien.
JUDICIAL FORECLOSURE:A type of foreclosure conducted as a civil suit in a court of law.
JUMBO LOAN:A mortgage loan for an amount greater than the limits set by Fannie Mae and Freddie Mac. Often called non-conforming loans.
