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Real estate glossary


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Term Definition
JOINT TENANCYA situation where two or more parties own a piece of property together. Each of the owners has an equal share, and may not dispose of or alter that share without the consent of the other owners.
 
JOISTSHorizontal beams laid on edge to support flooring or a ceiling.
 
JUCICIAL FORECLOSUREA type of foreclosure conducted as a civil suit in a court of law.
 
JUDGEMENT LIENA lien against the property of a judgment debtor. An involuntary lien.
 


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