The real estate industry has its own unique language and, without some knowledge
of this language, you may find yourself a bit confused if you become involved in
a real estate transaction. With this in mind, the experts at Monroe Title Insurance
Corporation have compiled the following glossary of terms commonly used in the Real
Estate industry.
A
B C
D E
F G
H I
J K
L M
N O
P Q
R S
T U
V W
X Y
Z
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J |
Judgment - The determination of a court regarding the
rights of parties in an action. A judgment of debt on a property owner can create
a lien on all of that owner's land within a certain jurisdiction.
Junior Mortgage - A mortgage lower in lien priority than another.
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NOTE: The following terms are defined only in their real
estate or title insurance contexts and may have completely different meanings in
other contexts. For more precise definitions, you are advised to seek legal counsel.
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