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Home Offers USA >> Glossary >> Glossary - J

We Buy Houses Glossary - J

Joint Tenancy
A form of ownership or intriguing title to property which means each party owns the whole property and that ownership is not detached. In this aspect, accidental event of the death of one party may lead the survivor to own the property wholly.

Judgment
A right decision made by a court of law in accordance to the scriptures of the law. In judgments that necessitate the repayment of a debt, the court may place a lien against the debtor's real property as guarantee for the judgment's creditor.

Jeopardy
This may be regarded as a component of risk or danger.

Joint Account
A credit description held by two or more people so that all can use the account and assumes all the legal responsibilities to repay it.

Judicial Foreclosure
This type of foreclosure proceedings is used in some states that are hold on with a civil lawsuit and it’s conducted completely with the support of a court. Other states use non-judicial foreclosures.

Real Estate Glossary of Terms
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