Jalousie window A window that consists of
vertical rows of horizontal glass slats that operate
together by a crank mechanism that connects all the
slats.
Joint liability The responsibility of two
or more people to fulfill the terms of a home loan or
debt.
Joint tenancy Ownership by two or more
people that gives equal shares of a piece of property.
Rights pass to the surviving owner or owners.
Joist A floor or ceiling support member
supported by foundation walls, piers or beams.
Subflooring is connected to floor joists.
Judgment The decision of a court or law. If
a court decides that a person must repay a debt, a lien
may be placed against that person's property.
Judicial foreclosure A procedure to handle
foreclosure proceedings as civil matters.
Jumbo mortgage Loans that exceed limits set
by Fannie Mae and Freddie Mac. The current limit is
$214,600.
Junior mortgage A loan that subordinate to
the primary loan.
