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| Mortgage Glossary |
This glossary is an extensive listing of real estate and mortgage terms that you can use as needed when doing business with Lexington Lending. To get started, click on the appropriate letter above for a listing of all the terms that begin with that letter. Then, locate the word you are looking for.
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Joint Tenancy
A form of co-ownership that gives each tenant equal interest and equal rights in the property, including the right of survivorship.
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Judgment
A decision made by a court of law. In judgments that require the repayment of a debt, the court may place a lien against the debtor's real property as collateral for the judgment's creditor.
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Judgment Lien
A lien on the property of a debtor resulting from the decree of a court.
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Judicial Foreclosure
A type of foreclosure proceeding used in some states that is handled as a civil lawsuit and conducted entirely under the auspices of a court.
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Jumbo Loan
A loan that exceeds Fannie Mae's mortgage amount limits. Also called a nonconforming loan.
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