A form of co-ownership of real property that gives each tenant an equal undivided ownership in the property, including the right of survivorship.
A legal decision made by a court of law. In judgments that require the repayment of a debt, the court may place a lien against the debtor's real property as collateral for the judgment's creditor.
A lien on debtor's property resulting from the decree of a court and the entry of a judgment. See judgment.
A type of foreclosure proceeding that is handled as a civil lawsuit and conducted entirely under the supervision of a court. Used only in lien theory states.
A process through which involves the courts and the judicial process often in a litigation. A foreclosure action in court involves judicial action.
A mortgage loan that exceeds the maximum underwriting limits of Fannie Mae (FNMA) and Freddie Mac (FHLMC). Also called a non-conforming loan.