REALESTATE TERMS   

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JOINT OWNERSHIP >> Legal title shared by 2 or more persons or entities. Such as joint tenancy, tenancy in common and community property.

JOINT TENANCY >> A form of holding title in which the property is owned by 2 or more persons who may have rights of survivorship.

JUDGMENT >> The decision of a court of law; debts resulting from a court order for payment. Money judgments, when recorded, become a lien against the defendant’s property.

JUDICIAL FORECLOSURE >> A court supervised foreclosure process used in states using a mortgage or security deed.

JURAT >> A certificate attached to a document stating where, when, before whom and by whom the document was signed.