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- 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.
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