There are 12 names in this directory beginning with the letter J.
A creditor can demand full repayment from any and all of those who have borrowed, each borrower is liable for the full debt, not just the prorated share. Ownership of real property by two or more persons, each of whom has an undivided interest. See also Tenancy in Common.
A personal judgment entered against a borrower in favor of the lender if the proceeds from a foreclosure sale of the security property are not enough to pay off the debt.
Having a defaulted debtor's property sold where the court ratifies the price paid.
A loan larger than the maximum allowed by conforming loans. The threshold amount has traditionally been adjusted more or less on an annual basis and has been in the low $200,000's. Banks and mortgage brokers can quote the current threshold. They are typically available at interest rates slightly higher than those of conforming loans and typically require the same underwriting standards as conforming loans. (See definition of "conforming loan" above).