Saint Albans Real Estate Lawyer, New York, page 4

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Martin M. Seinfeld

Real Estate, Corporate, Personal Injury, Medical Malpractice
Status:  In Good Standing           

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Ronald Zinner

Real Estate, Immigration, Criminal, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  30 Years

Samildre R. Perez

Real Estate, Wills, Estate Planning, Divorce & Family Law
Status:  In Good Standing           Licensed:  27 Years

James T. Murphy

Construction, Criminal, Corporate, Contract
Status:  In Good Standing           Licensed:  40 Years

Robert A. Kaplan

Real Estate, Wills, Trusts
Status:  In Good Standing           Licensed:  39 Years

Michael Davidov

Commercial Real Estate, Estate Planning, Estate, Elder Law
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Gilbert L. Serrano

Premises Liability, Wrongful Death, Animal Bite, Car Accident
Status:  In Good Standing           Licensed:  26 Years

Eugenia A. Montemarano

Real Estate, Trusts, Estate, Business
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Richard Cary Spivack

Real Estate, Motor Vehicle, Estate, Guardianships & Conservatorships, Criminal
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James Follender

Real Estate, Wills, Divorce, Personal Injury
Status:  In Good Standing           Licensed:  25 Years

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LEGAL TERMS

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.

INHERITORS

Persons or organizations who receive property from someone who dies.

FAILURE OF CONSIDERATION

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

LEASE OPTION

A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to b... (more...)
A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance. A lease option is often a good arrangement for a potential home buyer because it lets him move into a house he may buy without having to come up with a down payment or financing at that time.

UNCONSCIONABILITY

A seller's taking advantage of a buyer due to their unequal bargaining positions, perhaps because of the buyer's recent trauma, physical infirmity, ignorance, i... (more...)
A seller's taking advantage of a buyer due to their unequal bargaining positions, perhaps because of the buyer's recent trauma, physical infirmity, ignorance, inability to read or inability to understand the language. The unfairness must be so severe that it is shocking to the average person. It usually includes the absence of any meaningful choice on the part of the buyer and contract terms so one-sided that they unreasonably favor the seller. A contract will be terminated if the buyer can prove unconscionability.

SEVERABILITY CLAUSE

A provision in a contract that preserves the rest of the contract if a portion of it is invalidated by a court. Without a severability clause, a decision by the... (more...)
A provision in a contract that preserves the rest of the contract if a portion of it is invalidated by a court. Without a severability clause, a decision by the court finding one part of the contract unenforceable would invalidate the entire document.

ASSIGNEE

A person to whom a property right is transferred. For example, an assignee may take over a lease from a tenant who wants to permanently move out before the leas... (more...)
A person to whom a property right is transferred. For example, an assignee may take over a lease from a tenant who wants to permanently move out before the lease expires. The assignee takes control of the property and assumes all the legal rights and responsibilities of the tenant, including payment of rent. However, the original tenant remains legally responsible if the assignee fails to pay the rent.

MULTIPLE LISTING SERVICE (MLS)

A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now b... (more...)
A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now be obtained by the public through websites like www.realtor.com.

INDEPENDENT CONTRACTOR

A legal category of worker defined by the Internal Revenue Service. The key to the definition is that, unlike employees, independent contractors retain control ... (more...)
A legal category of worker defined by the Internal Revenue Service. The key to the definition is that, unlike employees, independent contractors retain control over how the work they are hired to do gets done; the person or company paying the independent contractor controls only the outcome--the product or service.