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 …
Landscape Designer
A landscape designer has training in horticulture and landscape planning, but does not necessarily hold a degree. …
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. …
Key
A groove in the top of a footing. …
Keys
Little fingers of plaster that squeeze through lath. When they harden, these hold the plaster in place. …