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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. joint liability
The responsibility of two or more people to fulfill the terms of a home loan or debt. joint tenancy
This is the co-ownership of choice for most married individuals if, as in many jurisdictions including Ohio, 'tenancy by the entireties' is unavailable. It is most often referred to as Joint Tenancy With Right Of Survivorship. Unlike a tenancy in common, where co-owners may have unequal interests in a property, joint co-owners by definition have an equal share in the property and equal rights in the property, including the 'right of survivorship.' Right of survivorship means that if one owner dies, that owner's interest in the property will pass to the surviving owner(s) by operation of law and without probate. The deceased owner's interest in the property cannot be inherited by his or her heirs. The last living owner then owns all the property, and when (s)he dies the property will be part of his or her estate. It should be noted that in some circumstances, deceased owners debts may be satisfied by his or her portion of ownership now owned by the survivor(s). In other words, the deceased's liabilities can sometimes remain attached to the property. The creation of a joint tenancy must include " four unities." - Time - co-owners must acquire the property at the same time.
- Title - co-owners must have the same title to the property. All conditions must apply all owners.
- Interest - co-owners must share equal interest in the property.
- Possession - co-owners must share equal right to possess the whole property.
If any one element is missing, the joint tenancy may be ruled ineffective, and the joint tenancy defaults to tenancy in common in equal shares. Contrast with tenancy by the entirety and with tenancy in commpn. joist
A floor or ceiling support member supported by foundation walls, piers or beams. Sub-flooring is connected to floor joists judgment
A 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. judgment lien
A lien on the property of a debtor resulting from the decree of a court. judicial foreclosure
A type of foreclosure proceeding used in some states that is handled as a civil lawsuit and conducted entirely under the auspices of a court. jumbo loan
A loan that exceeds Fannie Mae’s legislated mortgage amount limits. Also called a non-conforming loan. junior mortgage
A loan that subordinate to the primary loan. See also second mortgage. | 
