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South Lyon Real Estate Lawyer, Michigan

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James L. Carey

Veterans' Affairs, Landlord-Tenant, Trusts, Contract
Status:  In Good Standing           Licensed:  20 Years
CONTACT
23781 Point O Woods Ct, South Lyon, MI 48178
Profile LAWPOINTS™34/100
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William D. Foren

Other, Real Estate, Government, Estate Planning
Status:  In Good Standing           Licensed:  50 Years
CONTACT
New Hudson, MI 48165
Profile LAWPOINTS™22/100
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Daniel J. Woodcock

Lawsuit & Dispute, Construction, Collection
Status:  In Good Standing           Licensed:  41 Years
CONTACT
New Hudson, MI 48165
Profile LAWPOINTS™22/100
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Carol Alexander Levitte

Real Estate, Art, Entertainment, Agriculture
Status:  In Good Standing           Licensed:  45 Years
CONTACT
22350 Natasha Ln, South Lyon, MI 48178
Profile LAWPOINTS™17/100
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Anthony W. Devine

Real Estate, Business
Status:  Suspended           Licensed:  26 Years
CONTACT
22583 Poppleton Dr, Northville, MI 48167
Profile LAWPOINTS™12/100
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LEGAL TERMS

LIQUID ASSETS

Business property that can be quickly and easily converted into cash, such as stock, bank accounts and accounts receivable.

HEIR

One who receives property from someone who has died. While the traditional meaning includes only those who had a legal right to the deceased person's property, ... (more...)
One who receives property from someone who has died. While the traditional meaning includes only those who had a legal right to the deceased person's property, modern usage includes anyone who receives property from the estate of a deceased person.

APPRECIATION

An increase in value. Appreciated property is property that has gone up in value since it was acquired.

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.

UNCLEAN HANDS

A legal doctrine that prevents a plaintiff who has acted unethically in relation to a lawsuit from winning the suit or from recovering as much money as she woul... (more...)
A legal doctrine that prevents a plaintiff who has acted unethically in relation to a lawsuit from winning the suit or from recovering as much money as she would have if she had behaved honorably. For example, if a contractor is suing a homeowner to recover the price of work he did on the home, his failure to perform the work as specified would leave him with unclean hands.

ENCROACHMENT

The building of a structure entirely or partly on a neighbor's property. Encroachment may occur due to faulty surveying or sheer obstreperousness on the part of... (more...)
The building of a structure entirely or partly on a neighbor's property. Encroachment may occur due to faulty surveying or sheer obstreperousness on the part of the builder. Solutions range from paying the rightful property owner for the use of the property to the court-ordered removal of the structure.

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).

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.

SERVIENT TENEMENT

Property that is subject to use by another for a specific purpose. For example, a beachfront house that has a public walkway to the beach on its premises would ... (more...)
Property that is subject to use by another for a specific purpose. For example, a beachfront house that has a public walkway to the beach on its premises would be a servient tenement.

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