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Jeopardy

Joint Account

Joint and Several Liability

Joint Tenancy

Joint Venture

Judgement Search Fee

Judgment

Judgment Lien

Judicial Foreclosure

Jumbo Mortgage

Jeopardy Go to the Top
An element of risk or danger.
Joint Account Go to the Top
A credit account held by two or more people so that all can use the account and all assume legal responsibility to repay.
Joint and Several Liability Go to the Top
A situation whereby a creditor can demand full repayment from any and all borrowers. Each borrower is liable for the full debt, not just the prorated share.
Joint Tenancy Go to the Top
A form of co-ownership that gives each tenant equal undivided interest and equal rights in the property, including the right of survivorship.
Joint Venture Go to the Top
An agreement between two or more parties who invest in a property or business.
Judgement Search Fee Go to the Top
A fee charged by a title company to search the public record for judgements filed against a property owner or borrower that could ultimately encumber the title of the property. For our comparison purposes, a judgement search fee is considered to be a third party fee. Some lenders will include this fee in the title insurance cost.
Judgment Go to the Top
A decree 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 Go to the Top
A lien on the property of a debtor resulting from a judgment.
Judicial Foreclosure Go to the Top
Type of foreclosure proceeding used in some mortgage states that is handled like a civil lawsuit and conducted entirely under the direction of a court.
Jumbo Mortgage Go to the Top
A loan that exceeds the maximum loan amount allowed by the most common mortgage investors. The cost of obtaining a jumbo mortgage is generally higher than the cost of obtaining a conforming mortgage. Also known as a non-conforming loan.