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- Real Estate Glossary A
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Real Estate Glossary J
Jalousie windowA window that consists of vertical rows of horizontal glass slats that operate together by a crank mechanism that connects all Joint liabilityThe responsibility of two or more people to fulfill the terms of a home loan or debt. Joint tenancyOwnership by two or more people that gives equal shares of a piece of property. Rights pass to the surviving owner or JoistA floor or ceiling support member supported by foundation walls, piers or beams. Subflooring is connected to floor joists. JudgmentThe 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 Judicial foreclosureA procedure to handle foreclosure proceedings as civil matters. Jumbo mortgageLoans that exceed limits set by Fannie Mae and Freddie Mac. The current limit is $300,700. Junior mortgageA loan that subordinate to the primary loan.
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