Arbor Financial Group Marketing Engines, Inc.

Glossary of Terms

Mortgage. Real Estate & Insurance

J

Joint Loans
Loans that are for a veteran and a non-veteran (who is not the veteran's spouse) OR two or more individual veterans taking title together and each using an equal portion of his/her available eligibility to guarantee the loan.
JOINT OWNERSHIP
Legal title shared by 2 or more persons or entities. Such as joint tenancy, tenancy in common and community property.
Joint Tenancy
Joint ownership by two or more persons giving each tenant equal interest and equal rights in the property, including the right of survivorship.
Judgment
Final determination by a court of the rights and claims of the parties to an action.
Judgment Lien
Lien upon the property of a debtor resulting from the decree of a court.
Judicial Foreclosure
Type of foreclosure proceeding used in some states that is handled as a civil lawsuit and conducted entirely under the auspices of a court.
Junior Lien
Any lien that is subsequent to the claims of the holder of a prior (senior) lien.
JURAT
A certificate attached to a document stating where, when, before whom and by whom the document was signed.