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Real Estate Glossary
Our glossary is the largest dictionary of real estate and construction terms on the Internet with almost 10,000 definitions.
- Decision, by a court, that a party must repay a debt and a lien may be placed against property owned by that party.
- Judgment Creditor
- The party to whom the court awarded a financial judgment against a debtor.
- Judgment Debtor
- The party against whom the court has placed a financial judgment.
- Judgment Lien
- Court order in which the judgment creditor is granted a lien against the property of the judgment debtor for the nonpayment of the amount due.
- Judicial Foreclosure
- Property of a defaulted borrower is sold under court order and the amount received is ratified by the Court.
- Jumbo Brick
- 3 5/8 x 2 ¾ x 8-inch brick
- Jumbo Brick, 6 inch
- 6 x 4 x 12 inch brick.
- Jumbo Brick, 8 inch
- 8 x 4 x 12 inch brick.
- Jumbo Loan
- Loans exceeding the limits set by Fannie Mae and Freddie Mac. The current limit for a single-family home is $252,700 except in Hawaii, Alaska and the Virgin Islands where it is $360,000.
- Jumbo Utility Brick
- 4 x 4 x 12 inch brick.
- A short wire to close a break in or cut out part of a circuit or to make a temporary electrical connection.
- Junction Box
- Box, which may be metallic or non-metallic, that has openings in the sides and back and is used to protect and support electrical wire connections or conductor splices.
- Junior Beam
- A secondary, smaller structural piece which is used to brace or transfer a load between two other structural pieces.
- Junior Lien
- A lien that is subordinate to a senior lien and cannot be satisfied until the senior lien is paid.
- Junior Mortgage
- Loan that is subordinate to the primary loan and cannot be satisfied until the primary loan is paid.
- Certificate of an officer stating that a sworn statement is genuine stating when, where and before whom the statement was sworn. A jurat commonly appears at the bottom of an affidavit.
- Geographic or topical area of authority and responsibility for a specific government entity.
- Just Compensation
- The fair market value of a property, paid to the owner, when that property is acquired in an eminent domain action.
- Strong, glossy, coarse fiber, made from two East Indian plants, which is used for making burlap, mats, ropes, sacks, carpet backing, etc.