Category: Glossary

Judicial Foreclosure | A foreclosure process which is executed via a court action.

Judgment | The final decision of the court resolving the dispute and determining the rights and obligations of the parties.

Joint Venture | A project where two or more individuals take part in a business transaction to share the cost, risk, and reward.

Joint Ownership | When two or more parties own the same property.

Involuntary lien | A lien issued against a property without the owners approval.

Instrument | A legal written document.

Indemnify | Any losses and damages endured by another person that you are fully responsible for.

Hypothecate | When you use something as security and still retain possession of it.

HUD 1 Statement | A form, usually given by a bank, that includes the costs of purchasing a home.

Home Equity Loan | Owners who borrow against the equity in their homes.