and Several Liability
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 enforced by court action to collect a debt owed.
A loan that exceeds $250,000. Not all lenders offer jumbo loans and those who do may charge a higher interest rate. Also called a nonconforming loan.
The definitions of Real Estate
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