Laona Land Use & Zoning Lawyer, Wisconsin
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835 5Th Ave, Antigo, WI 54409
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Steven C. Garbowicz
Real Estate, Traffic, Municipal, Government
Status: In Good Standing Licensed: 47 Years
221 S First St, Eagle River, WI 54521
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Dennis M. Burgy
Real Estate, Family Law, Criminal, Personal Injury
Status: In Good Standing Licensed: 48 Years
221 S First St, Eagle River, WI 54521
Profile LAWPOINTS™34/100
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William J Joost
Real Estate, Trusts, Divorce & Family Law, Bankruptcy
Status: In Good Standing Licensed: 38 Years
201 Railroad St, Eagle River, WI 54521
Profile LAWPOINTS™24/100
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LEGAL TERMS
MORTGAGE
A loan in which the borrower puts up the title to real estate as security (collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender... (more...)
A loan in which the borrower puts up the title to real estate as security (collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender can foreclose on the real estate and have it sold to pay off the loan.
PERMANENT RESIDENT
A non-U.S. citizen who has been given permission to make his or her permanent home in the United States. If you acquire permanent residence, you will be issued ... (more...)
A non-U.S. citizen who has been given permission to make his or her permanent home in the United States. If you acquire permanent residence, you will be issued a green card to prove it. The terms permanent resident and 'green card holder' mean exactly the same thing. You cannot be a permanent resident without a green card and you cannot have a green card without being a permanent resident. As a permanent resident, you may travel as much as you like, but your place of residence must be the United States and you must keep that residence on a permanent basis. If you leave the United States and stay away for more than a year, you risk losing your green card.
BASIS
For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the pr... (more...)
For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the property, 'adjusted' to reflect improvements made or damage incurred while you own the property. See stepped-up basis, carryover basis.
DIVIDEND
A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash,... (more...)
A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash, though they may also be paid in the form of additional shares of stock or other property. The amount of a dividend is established by the corporation's board of directors; however, state laws often restrict a corporation's ability to declare dividends by requiring a minimum level of profits or assets before the dividend can be approved.
GROSS LEASE
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintena... (more...)
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance. A gross lease closely resembles the typical residential lease. The tenant may agree to a 'gross lease with stops,' meaning that the tenant will pitch in if the landlord's operating costs rise above a certain level. In real estate lingo, the point when the tenant starts to contribute is called the 'stop level,' because that's where the landlord's share of the costs stops.
LIQUID ASSETS
Business property that can be quickly and easily converted into cash, such as stock, bank accounts and accounts receivable.
SUBSTITUTED SERVICE
A method for the formal delivery of court papers that takes the place of personal service. Personal service means that the papers are placed directly into the h... (more...)
A method for the formal delivery of court papers that takes the place of personal service. Personal service means that the papers are placed directly into the hands of the person to be served. Substituted service, on the other hand, may be accomplished by leaving the documents with a designated agent, with another adult in the recipient's home, with the recipient's manager at work or by posting a notice in a prominent place and then using certified mail to send copies of the documents to the recipient.
FORECLOSURE
The forced sale of real estate to pay off a loan on which the owner of the property has defaulted.
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.
SAMPLE LEGAL CASES
Town of Rhine v. Bizzell
... in section twelve of the Town of Rhine, Sheboygan County. The zoning classification
of this land has been "B-2 Commercial Manufacturing or Processing" for 20 years.
Within this classification, "[t]here are no permitted uses ...
State ex rel. Village of Newburg v. Town of Trenton
... So the legislature allows a municipality to temporarily enact a moratorium that prohibits
unincorporated towns from changing the zoning of land next to the municipality's boundaries. ...
This power is called extraterritorial zoning. See WIS. STAT. § 62.23(7a) (2007-08). ...
AMERICAN TRANSMISSION v. Dane County
... Dane County took the position that 734 construction could not begin on that project until American
Transmission obtained a shoreland erosion control permit under Dane County, Wis., Ordinances §
11.05 (2007) ("Shoreland Erosion Control") and a wetland zoning permit under ...
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