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Glossary of Real Estate Terms

The language of real estate is like that of other industries. Some words and phrases may seem foreign, others are ones that you hear every day. Following is a glossary that hopefully will allow you to better understand the real estate transactions with which you are involved.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
  1. Judgment
  2. Junior Mortgage
  1. Judgment

    The determination of a court regarding the rights of parties in an action. A judgment of debt on a property owner can create a lien on all of that owner’s land within a certain jurisdiction.

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  2. Junior Mortgage

    A mortgage lower in lien priority than another.

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