Glossary of Terms
Mortgage. Real Estate & Insurance
- 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 Lien
- Lien upon the property of a debtor resulting from the decree of a court.