chicago real estate glossary
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
Judgment Lien:
A lien on the property of a debtor resulting from the decree of a court.
Jumbo Loan:
A loan that exceeds the mortgage amount eligible for purchase by Fannie
Mae or Freddie Mac. Also called "nonconforming loan."
Junior Mortgage:
A loan that is subordinate to the primary loan or first-lien mortgage loan, such as a second or third mortgage.
Prepared by and used with the permission of the FTC.
