Glossary of foreclosure terms: J

judgment: Legally enforceable judge's decision as the result of a court case.

judgment creditor: Party that is to receive money as the result of a court case.

judgment debtor: Party that is to pay money as the result of a court case.

judicial foreclosure: Foreclosure that involves the court system. Typical method of foreclosure of mortgages that don't have a power-of-sale clause. See also nonjudicial foreclosure.

junior lienholder: Lender whose loan doesn't have the first priority for a piece of property, either because it was recorded after the senior lienholder or because its loan contains a subordination clause that was activated.

junk fee: Fee added to a loan that goes straight into a lender's pocket, doesn't appear to have any benefit to the borrower, and pays for work that's either not performed or is typically part of lender costs.