Powers Real Estate Lawyer, Michigan

Sponsored Law Firm


Gregory P. Seibold

Corporate, Commercial Real Estate, Contract, Employment
Status:  In Good Standing           

Gary L. Olsen

Real Estate, Estate Planning, Estate
Status:  In Good Standing           Licensed:  50 Years

Michael B. Quinn

Family Law, Personal Injury, Real Estate, Estate
Status:  Suspended           Licensed:  54 Years

Peter W. Strom

Estate Planning, Real Estate
Status:  In Good Standing           Licensed:  43 Years

Thomas L. Butch

Real Estate, Labor Law
Status:  Inactive           Licensed:  57 Years

Andrea Deanna Mashak

Real Estate, Estate Planning, Estate, Family Law
Status:  In Good Standing           Licensed:  14 Years

Murphy Desmond

Personal Injury, Real Estate, Health Care
Status:  In Good Standing           

Suzanne M. Fleury

Real Estate, Wills & Probate, Trusts, Corporate
Status:  In Good Standing           Licensed:  32 Years

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800-943-8690

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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).

FAILURE OF CONSIDERATION

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

MONTH-TO-MONTH TENANCY

A rental agreement that provides for a one-month tenancy that is automatically renewed each month unless either tenant or landlord gives the other the proper am... (more...)
A rental agreement that provides for a one-month tenancy that is automatically renewed each month unless either tenant or landlord gives the other the proper amount of written notice (usually 30 days) to terminate the agreement. Some landlords prefer to use month-to-month tenancies because it gives them the right to raise the rent after giving proper notice. This type of rental also provides a landlord with an easy way to get rid of troublesome tenants, because in most states month-to-month tenancies can be terminated for any reason.

GOODS & CHATTELS

See personal property.

ADVERSE POSSESSION

A means by which one can legally take another's property without paying for it. The requirements for adversely possessing property vary between states, but usua... (more...)
A means by which one can legally take another's property without paying for it. The requirements for adversely possessing property vary between states, but usually include continuous and open use for a period of five or more years and paying taxes on the property in question.

ESCHEAT

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

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.

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.

LANDLORD

The owner of any real estate, such as a house, apartment building or land, that is leased or rented to another person, called the tenant.