The following terms were found in the Real Estate Glossary beginning with the letter - ( J). Please review the terms below.

Judgment:  The final decision of a court resolving a dispute and determining the rights and obligations of the parties. Money judgments, when recorded, become a lien on real property of the defendant.

Judgment Lien:  An encumbrance that arises by law when a judgment for the recovery of money attaches to the debtor’s real estate.

Just Compensation:  Compensation which is fair to both the owner and the public when property is taken for public use through condemnation (eminent domain). The theory is that in order to be “just”, the property owner should be no richer or poorer than before the taking.