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REAL ESTATE AND MORTGAGE TERMS:
J
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- A liability which allows the creditor to sue any one of the
debtors or sue all together.
- An undivided interest in property taken by two or more joint
tenants. The interests must equal, accruing under the same conveyance
and beginning at the same time. Upon death of a joint tenant,
the interest passes to the surviving joint tenants rather than
to the heirs of the deceased.
- The decision of a court of law. Money judgments, when recorded,
become a lien on real property of the defendant.
- A mortgage subordinate to another mortgage.
GLOSSARY:
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