Mortgage glossary of definitions, meanings, and descriptions of significance for some of our industry's most often used terms and phrases.
Joinder -- Joining together in some legal proceeding.
Joint Protection Policy -- A policy of title insurance which insures both the owners and the lender under the same policy.
Judgment Creditor -- A person, corporation, etc., that has been awarded a money judgment by a court. Recording an abstract of said judgment would create a lien on real property owned by the judgment debtor in the county where the abstract is recorded.
Judgment Debtor -- A person, corporation, etc., against whom a money judgment has been awarded by the court.
Judgment -- The decision of a court of law. Money judgments, when recorded, become a lien on real property of the defendant.
4348 Van Nuys Boulevard, Suite 200 | Sherman Oaks, California 91403
o. 818.907.5757 | f. 818.907.5626
2583 North Palm Canyon Drive, #200 | Palm Springs, California 92262
Corporate BRE: #01144034 | NMLS: #31338
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