Saranac Real Estate Lawyer, Michigan, page 2

Sponsored Law Firm


Benjamin John Symko

Premises Liability, Social Security, Criminal, Personal Injury
Status:  In Good Standing           Licensed:  16 Years

Martin Alan Axelrod

Real Estate, Gift Taxation, Business, International
Status:  In Good Standing           Licensed:  12 Years

Martin Axelrod

Real Estate, Gift Taxation, Business, International
Status:  In Good Standing           Licensed:  12 Years

Martin Axelrod

Real Estate, Gift Taxation, Business, International
Status:  In Good Standing           Licensed:  12 Years

Ryan Tyler Jackson

Foreclosure, Estate, Family Law, Bankruptcy
Status:  In Good Standing           Licensed:  15 Years

Robert B. Bettendorf

Real Estate, Gift Taxation, Estate Planning, Pension & Benefits
Status:  In Good Standing           Licensed:  45 Years

Steven A. Cook

Commercial Real Estate, Real Estate, Estate Planning, Estate
Status:  In Good Standing           Licensed:  42 Years

Michael J. Batalucco

Construction, Workers' Compensation, Disability, Wrongful Death
Status:  In Good Standing           Licensed:  39 Years

George M. Mcaleenan

Real Estate, Business
Status:  In Good Standing           Licensed:  31 Years

Mark E. Derwent

Real Estate, Business
Status:  In Good Standing           Licensed:  30 Years

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Free Help: Use This Form or Call 800-943-8690

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800-943-8690

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LEGAL TERMS

DOWN PAYMENT

A lump sum cash payment paid by a buyer when he or she purchases a major piece of property, such as a car or house. The buyer typically takes out a loan for the... (more...)
A lump sum cash payment paid by a buyer when he or she purchases a major piece of property, such as a car or house. The buyer typically takes out a loan for the balance remaining, and pays it off in monthly installments over time.

COMMUNITY PROPERTY WITH RIGHT OF SURVIVORSHIP

A way for married couples to hold title to property, available in Arizona, California, Nevada, Texas and Wisconsin. It allows one spouse's half-interest in comm... (more...)
A way for married couples to hold title to property, available in Arizona, California, Nevada, Texas and Wisconsin. It allows one spouse's half-interest in community property to pass to the surviving spouse without probate.

QUITCLAIM DEED

A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transfer... (more...)
A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transferred, however. For example, a divorcing husband may quitclaim his interest in certain real estate to his ex-wife, officially giving up any legal interest in the property. Compare grant deed.

ILLUSORY PROMISE

A promise that pledges nothing, because it is vague or because the promisor can choose whether or not to honor it. Such promises are not legally binding. For ex... (more...)
A promise that pledges nothing, because it is vague or because the promisor can choose whether or not to honor it. Such promises are not legally binding. For example, if you get a new job and promise to work for three years, unless you resign sooner, you haven't made a valid contract and can resign or be fired at any time.

BEQUEST

The legal term for personal property (anything but real estate) left in a will.

FORECLOSURE

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

RESTRAINT ON ALIENATION

A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it... (more...)
A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it never be sold to anyone outside the family. These provisions are generally unenforceable.

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.

EXPRESS WARRANTY

A guarantee about the quality of goods or services made by a seller, such as 'This item is guaranteed against defects in construction for one year.' Most expres... (more...)
A guarantee about the quality of goods or services made by a seller, such as 'This item is guaranteed against defects in construction for one year.' Most express warranties come directly from the manufacturer or are included in the sales contract. If you want to hold the seller to an oral guarantee, it's best to get it in writing or have witnesses to the guarantee so that it doesn't come down to your word against the seller's if a problem arises.