A person who specializes in matching home buyers with appropriate mortgage lenders. For a fee--often paid by the lender--a loan broker provides any easy and eff... (more...)

A person who specializes in matching home buyers with appropriate mortgage lenders. For a fee--often paid by the lender--a loan broker provides any easy and effective way to find the cheapest mortgage rates.

OFFENSIVE COLLATERAL ESTOPPEL

A doctrine that prevents a defendant from re-litigating an issue after it has been lost. For example, if your neighbor sues you for putting up a fence on his la... (more...)

A doctrine that prevents a defendant from re-litigating an issue after it has been lost. For example, if your neighbor sues you for putting up a fence on his land and the court rules that your fence extends beyond your property line, you can't later file your own lawsuit seeking a declaration that the property line is incorrectly drawn.

VESTED REMAINDER

An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will ... (more...)

An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will leaves her house to her daughter, but the daughter gains possession only after Julie's husband dies, the daughter has a vested remainder in the house.

DEEP LINK

A link from one website to another that bypasses the second website's home page and takes the user directly to an internal page on the site. For example, a deep... (more...)

A link from one website to another that bypasses the second website's home page and takes the user directly to an internal page on the site. For example, a deep link from Yahoo might take the user directly to a news article on a news site instead of linking to the home page of the site.

FAILURE OF CONSIDERATION

The refusal or inability of a contracting party to perform its side of a bargain.

ESCHEAT

The forfeit of all property to the state when a person dies without heirs.

WORDS OF PROCREATION

Language used to leave property to a person and his or her descendants, which typically take the form 'to A, and the heirs of his body,' where A is the person r... (more...)

Language used to leave property to a person and his or her descendants, which typically take the form 'to A, and the heirs of his body,' where A is the person receiving the property.

PRIVATE MORTGAGE INSURANCE (PMI)

Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortga... (more...)

Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortgage plus the costs of the sale). A home buyer who makes less than a 20% down payment may have to purchase PMI.

COMMERCIAL FRUSTRATION

An unforeseen and uncontrollable event that excuses a party to a contract from performing his or her duties under that contract. For example, a landlord can bre... (more...)

An unforeseen and uncontrollable event that excuses a party to a contract from performing his or her duties under that contract. For example, a landlord can break a lease if the property she agreed to rent accidentally burns down before the tenants move in.

SAMPLE LEGAL CASES

RON MEDLIN CONST. v. Harris

RON MEDLIN CONSTRUCTION, a Partnership, and George Ronald Medlin, Individually, Plaintiffs, v. Raymond A. HARRIS and Sarah N. Harris, Defendants, and Ron Medlin Construction, a Partnership, and GEORGE RONALD MEDLIN, Individually, Plaintiffs and Third Party ...

SCHENKEL & SHULTZ v. HERMON FOX & ASSOCS.

... Construction began in the fall of 2000, but by the spring of 2001, project contractors, subcontractors, and consultants documented in correspondence with Schenkel their concerns regarding the integrity of the structural steel components of the project and requested that an ...

Persis Nova Const., Inc. v. Edwards

PERSIS NOVA CONSTRUCTION, INC., d/b/a Persis-Nova Construction Company a/k/a P & N Homes, Plaintiff, v. Bruce K. EDWARDS and Kathlyn E. Edwards, Defendants. ... The final contract price of the construction cost of Mr. and Mrs. Edwards has been finalized at $274,500.... ...

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Beaufort County, NC Construction Lawyers

SPONSORED LAWYERS

Darrell B. Cayton

Edwin M. Hardy

David C. Francisco

Charles C. Edwards

Franz F. Holscher

Frederick Holscher

Frederick N. Holscher

Keith D Hackney

Michael Jason Williams

R. Brantley Peck

TIPS

LEGAL TERMS

LOAN BROKER

OFFENSIVE COLLATERAL ESTOPPEL

VESTED REMAINDER

DEEP LINK

FAILURE OF CONSIDERATION

ESCHEAT

WORDS OF PROCREATION

PRIVATE MORTGAGE INSURANCE (PMI)

COMMERCIAL FRUSTRATION

SAMPLE LEGAL CASES

RON MEDLIN CONST. v. Harris

SCHENKEL & SHULTZ v. HERMON FOX & ASSOCS.

Persis Nova Const., Inc. v. Edwards

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