| Joint Ownership Agreement | An agreement made between two or more owners of the same property, defining their rights and responsibilities (e.g. recommended in the case of married owners of property) See Equity sharing |
| Joint tenancy, or Tenants by the entirety | Ownership of real estate by two or more parties held jointly for life; if one of the owners dies, the survivor(s) inherit the property without reference to the deceased’s will |
| Judgment | A decision or decree made by a court of law |
| Judgment lien | A claim against the real property of a debtor, as decreed by the court |
| Jumbo loan, or Non-conforming loan | A loan amount that exceeds the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation; because such loan cannot be funded by these two agencies, it carries a higher interest rate |
| Junior mortgage, or Secondary mortgage | A mortgage whose claim to repayment is of lesser priority than another, previously recorded mortgage |
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