Cement City Real Estate Lawyer, Michigan, page 2

Sponsored Law Firm


Daniel A. Goostrey

Real Estate, Criminal
Status:  In Good Standing           Licensed:  27 Years

Chadwick Alan Perrine

Real Estate, Estate Planning, Estate, Business
Status:  In Good Standing           Licensed:  17 Years

William M. Schlecte

Real Estate, Litigation, Oil & Gas, Environmental Law
Status:  In Good Standing           Licensed:  52 Years

Kristina M. Fisk

Real Estate, Criminal, Business, Personal Injury
Status:  In Good Standing           Licensed:  22 Years

William A. Thompson

Residential Real Estate, Real Estate, Estate Planning, Estate
Status:  In Good Standing           Licensed:  56 Years

Anthony Donoho

Landlord-Tenant, Medical Products & Devices, Federal Appellate Practice, Divorce, Contract
Status:  In Good Standing           Licensed:  12 Years

William J. Marcoux

Real Estate
Status:  Inactive           Licensed:  72 Years

Katherine A. Martin

Real Estate
Status:  In Good Standing           Licensed:  43 Years

Steven D. Rick

Real Estate, Trusts, Estate Planning, Business
Status:  In Good Standing           Licensed:  38 Years

Patrick J. Riley

Real Estate, Dispute Resolution, Criminal, Business
Status:  In Good Standing           Licensed:  44 Years

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LEGAL TERMS

SHORT SALE (OF HOUSE)

A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale ... (more...)
A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes. See also deed in lieu (or foreclosure).

HOME WARRANTY

A service contract that covers a major housing system--for example, plumbing or electrical wiring--for a set period of time from the date a house is sold. The w... (more...)
A service contract that covers a major housing system--for example, plumbing or electrical wiring--for a set period of time from the date a house is sold. The warranty guarantees repairs to the covered system and is renewable.

RIGHT OF SURVIVORSHIP

The right of a surviving joint tenant to take ownership of a deceased joint tenant's share of the property. See joint tenancy.

QUASI-COMMUNITY PROPERTY

A form of property owned by a married couple. If a couple moves to a community property state from a non-community property state, property they acquired togeth... (more...)
A form of property owned by a married couple. If a couple moves to a community property state from a non-community property state, property they acquired together in the non-community property state may be considered quasi-community property. Quasi-community property is treated just like community property when one spouse dies or if the couple divorces.

LEGACY

An outdated legal word meaning personal property left by a will. The more common term for this type of property is bequest. Compare devise.

BOND

(1) A written agreement purchased from a bonding company that guarantees a person will properly carry out a specific act, such as managing funds, showing up in ... (more...)
(1) A written agreement purchased from a bonding company that guarantees a person will properly carry out a specific act, such as managing funds, showing up in court, providing good title to a piece of real estate or completing a construction project. If the person who purchased the bond fails at his or her task, the bonding company will pay the aggrieved party an amount up to the value of the bond. (2) An interest-bearing document issued by a government or company as evidence of a debt. A bond provides pre-determined payments at a set date to the bond holder. Bonds may be 'registered' bonds, which provide payment to the bond holder whose name is recorded with the issuer and appears on the bond certificate, or 'bearer' bonds, which provide payments to whomever holds the bond in-hand.

FORECLOSURE

The forced sale of real estate to pay off a loan on which the owner of the property has defaulted.

FRIENDLY SUIT

A lawsuit brought by two parties, not as adversaries, but as collaborators in order to resolve a legal question that affects them both. For example, two compani... (more...)
A lawsuit brought by two parties, not as adversaries, but as collaborators in order to resolve a legal question that affects them both. For example, two companies might bring a friendly suit to court in order to clarify a legal interpretation of a contract between them.

FIERI FACIAS

Latin for 'that you cause to be done.' This is a court document that instructs a sheriff to seize and sell a defendant's property in order to satisfy a monetary... (more...)
Latin for 'that you cause to be done.' This is a court document that instructs a sheriff to seize and sell a defendant's property in order to satisfy a monetary judgment against the defendant.

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