Title Insurance Glossary (terms starting with J)
Joint Tenacy and Tenancy in Survivorship is a form of ownership by two or more individuals together. It differs from other types of co-ownership in that the surviving joint tenant immediately becomes the owner of the whole property upon the death of the other joint tenant.
A court-ordered lien on a debtor's property, granted to a creditor to enforce an unpaid debt.
A mortgage loan in an amount that exceeds the limit established by the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae). The amount is adjusted periodically and lenders often charge a slightly higher interest rate for jumbo loans.