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J

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 payee's property as collateral.

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.


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