Joint Liability

The responsibility shared by two or more parties to repay a debt.

Joint Tenancy

An equal, agreed upon joint ownership of a property whereby in the event of the death of one owner, the surviving owner takes over total interest in the property.

Judgement Docket

A lien upon the property of the debtor that is appointed by a County Clerk.

Judgement Lien

The charge filed on the lands of a debtor that results from the decree of the court entered into the judgement docket.

Jumbo Loan

A mortgage that is above the limit set by Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation), that typically carries a higher interest rate. Currently in Bexar county, the limit is $317,250 for a single family home.

Junior Mortgage

A mortgage that is secondary to another mortgage. If a foreclosure were to occur, the primary mortgage is repaid first.