Foreclosures Glossary - Letter J

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

jack plane: A tool that is designed for shaving off small amounts of wood.
jalousie window: A type of window that consists of vertical rows of horizontal glass slats that operates by a crank mechanism that connects all the slats.
jamb: The framing for the opening for a door.
joint liability: The responsibility of more than one individual to fulfill the terms of a home loan or debt.
joint tenancy: Ownership by more than one individual where each individual has equal shares to the property.
joist: A part of the structural framing for a floor.
judgment: A decision made by a court of law that an individual must repay a debt or a lien may be placed against that individual’s property.
judicial foreclosure: A procedure to handle foreclosure proceedings as a civil matter.
JUMBO: Also referred as non- conforming loan. The amount of a particular loan that exceeds standards making it suitable for sale to Freddie Mac and Fannie Mae.
jumbo loan: Loans that exceed the conforming limits for mortgages.
junior mortgage: A loan that is secondary to the primary loan.

Select a State:	Select a County:
Select a City:	Or Type your Zip Code:

Why Choose ForeclosureDeals.com?

Access to a huge database of foreclosure listings that are updated and refreshed daily;
Access to an enormous amount of valuable information surrounding the properties, including cost of living, median incomes, population demographics, and much more;
Customize your search for foreclosed homes for sale with exclusive filter options;
Find detailed statistics and information about the local schools and neighborhoods in which you are considering buying a property;

National Overnight Averages	TODAY	Last Week
3/1 Year ARM	3.58%	3.63%
1 Year ARM	3.47%	3.5%
30 Year Fixed Mortgage	5.15%	5.17%
15 Year Fixed Mortgage	4.62%	4.63%
5/1 Year ARM	3.61%	3.66%