joint tenancy Ownership of a property by two individuals. If one individual dies, the other owns the property entirely based on the "right of survivorship".
judicial foreclosure A court action taken to collect a debt owed.
jumbo loan A mortgage of $25,000 or more. Such loans often have a higher interest rate.
Thomas S. Guthrie, Broker®, CRS®, ABR®;
Moffett Properties
