Home > Mobile Home Finance Dictionary > J As a service to our customers, we've compiled a mobile home loan dictionary. Anything you need to know should be answered here.

 

Looking for a specific term? Our mobile home dictionary is organized by letter.

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Joint tenancy: An equal undivided ownership interest of a property by two or more natural persons each of whom has the right, called the right of survivorship, upon the death of one joint tenant to the automatic succession of the title of the deceased tenant.

Judgment: The official court decision of an action or lawsuit that may be listed on a credit report as a public record.

Judicial foreclosure: A court action to taken to collect a debt owed.

Just compensation: The amount paid to the owner of a property when it has been acquired under eminent domain. See Condemnation. Example: Property is condemned to construct a sewage treatment plant. The owner is entitled to just compensation equal to the fair market value of the property taken.

 

 

 

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