A form of co-ownership that gives each tenant equal
interest and equal rights in the property, including the right of
survivorship.
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.
A lien on the property of a debtor resulting from
the decree of a court.
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.
A loan that exceeds Fannie Mae’s mortgage amount
limits. Also called a nonconforming loan.