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| A form of co-ownership that gives each tenant equal undivided interest
and rights in the property, including the right of survivorship. Contrast
with tenancy in common, tenancy by the entirety. |
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| A decree by a court of law that one person, a debtor, is indebted to another,
a creditor, in a specified amount. The court may place a lien against the
debtor's real property as collateral for payment of the judgment to the
creditor. |
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| A lien on the property of a debtor resulting from a judgment. |
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| A type of foreclosure proceeding used in some states that is handled as
a civil lawsuit where the court confirms the sales price for the property
and the distribution of the sale proceeds. |
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| A loan that exceeds Fannie Mae's legislated mortgage amount limits of
$417,000 (2006). Also called a nonconforming loan. |
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