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 person's property. …
Judicial Foreclosure
A legal process in which a court supervises the sale of a mortgaged property to recover the unpaid loan amount after a borrower defaults on their mortgage.Related Real Estate Terminology …
Jumbo Loan
Loans that exceed the conforming limits for mortgage loans. In 2003 the conforming limit was set at $322,700 for first-time mortgages on single-family homes in the continental United States, and at …
Junior Mortgage
A loan that is subordinate to the primary loan. …