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Real Property Glossary -J-
RETURN TO GLOSSARY PLANET
Jack planeA woodworker's tool designed for shaving off small amounts of wood.
Jalousie window
A window consisting of vertical rows of horizontal glass slats that operate
together by a crank mechanism connecting all the slats.
A surface that lines an opening for a door.
Joint liability
The responsibility of two or more people to fulfill the terms of a home loan or
other financial debt.
Ownership by two or more people that gives equal shares to a piece of property. Rights pass to the surviving owner or owners.
Joist
Part of the framing that provides the structure for a floor.
A decision by 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 way to handle foreclosure proceedings as civil matters.
Loans that exceed the conforming limits set annually by Fannie Mae & Freddie Mac.
Junior mortgage
A loan that is subordinate to the primary loan.
