Stovall Real Estate Lawyer, North Carolina, page 5


Kyle R. Ostendorf

Construction
Status:  In Good Standing           Licensed:  15 Years

Ralph Lee Mccaughan

Commercial Real Estate, Estate Planning, Estate, Civil & Human Rights
Status:  In Good Standing           Licensed:  58 Years

Ralph Lee Mccaughan

Commercial Real Estate, Estate Planning, Estate, Civil & Human Rights
Status:  In Good Standing           Licensed:  58 Years

Elizabeth S. Eagen

Criminal, Real Estate, Trusts, Family Law
Status:  Inactive           Licensed:  37 Years

Richard F. Prentis

Real Estate, Wills & Probate, Estate, Wills & Probate
Status:  In Good Standing           

C. Thomas Biggs

Land Use & Zoning, Real Estate, Condominiums, Residential Real Estate
Status:  In Good Standing           

Leigh Puryear Vancil

Real Estate
Status:  In Good Standing           Licensed:  40 Years

Benjamin David Busch

Foreclosure, Personal Injury, Bankruptcy, Wills & Probate
Status:  In Good Standing           

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Christopher L. Peck

Commercial Real Estate, Merger & Acquisition, Intellectual Property, Business Organization
Status:  In Good Standing           Licensed:  30 Years

Nathan Frank Simms

Real Estate, Commercial Bankruptcy, Bankruptcy
Status:  Suspended           Licensed:  35 Years

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LEGAL TERMS

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.

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.

RECORDING

The process of filing a copy of a deed or other document concerning real estate with the land records office for the county in which the land is located. Record... (more...)
The process of filing a copy of a deed or other document concerning real estate with the land records office for the county in which the land is located. Recording creates a public record of changes in ownership of all property in the state.

CO-TENANTS

Two or more tenants who rent the same property under the same lease or rental agreement. Each co-tenant is 100% responsible for carrying out the rental agreemen... (more...)
Two or more tenants who rent the same property under the same lease or rental agreement. Each co-tenant is 100% responsible for carrying out the rental agreement, which includes paying the entire rent if the other tenant skips town and paying for damage caused by the other tenant.

VESTED REMAINDER

An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will ... (more...)
An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will leaves her house to her daughter, but the daughter gains possession only after Julie's husband dies, the daughter has a vested remainder in the house.

FRIENDLY SUIT

A lawsuit brought by two parties, not as adversaries, but as collaborators in order to resolve a legal question that affects them both. For example, two compani... (more...)
A lawsuit brought by two parties, not as adversaries, but as collaborators in order to resolve a legal question that affects them both. For example, two companies might bring a friendly suit to court in order to clarify a legal interpretation of a contract between them.

FORECLOSURE

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

INHERITORS

Persons or organizations who receive property from someone who dies.

SETBACK

The distance between a property boundary and a building. A minimum setback is usually required by law.