Mortgage Terms J

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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.

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