Auburndale Real Estate Lawyer, Wisconsin

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Nicholas Abts
About | Practice Areas
La Chapelle, Kryshak & Nettesheim, LLP
262 W Grand Ave Wisconsin Rapids WI 54495» view map
Real Estate Law
Passionate and Dedicated Attorneys

The law firm of La Chapelle, Kryshak & Nettesheim, LLP, has provided legal services to the people of central Wisconsin for over a century.

800-886-1251
1. Nicholas Abts Wisconsin Rapids, WI
  Attorney at Law- WI, 2009
  University of Wisconsin Law School, J.D. 2008
2. AboutLa Chapelle, Kryshak & Nettesheim, LLP
  Passionate and Dedicated Attorneys
3. Practice AreasExpertise
  Real Estate Law
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Nicholas R. Abts

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Estate, Divorce & Family Law, Real Estate, Business, Power of Attorney

Nicholas practices law in central Wisconsin, serving clients in Wood County, Portage County and the surrounding area. He focus on estate planning, bus... (more)

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CONTACT

800-917-5711

321 Market Street, Wisconsin Rapids, WI 54495

Jonathan A. Barnett

Landlord-Tenant, Traffic, Workers' Compensation, DUI-DWI

Status: In Good Standing

CONTACT

170 Third St N, Wisconsin Rapids, WI 54494

Gerald D. Stange

Real Estate, Family Law, Bankruptcy

Status: Suspended Licensed: 47 Years

CONTACT

1803 Stewart Ave, Wausau, WI 54401

800-923-0641

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LEGAL TERMS

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.

ASSIGNMENT

A transfer of property rights from one person to another, called the assignee.

BASIS

For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the pr... (more...)

For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the property, 'adjusted' to reflect improvements made or damage incurred while you own the property. See stepped-up basis, carryover basis.

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).

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.

LIQUID ASSETS

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

DEED IN LIEU (OF FORECLOSURE)

A means of escaping an overly burdenome mortgage. If a homeowner can't make the mortgage payments and can't find a buyer for the house, many lenders will accept... (more...)

A means of escaping an overly burdenome mortgage. If a homeowner can't make the mortgage payments and can't find a buyer for the house, many lenders will accept ownership of the property in place of the money owed on the mortgage. Even if the lender won't agree to accept the property, the homeowner can prepare a quitclaim deed that unilaterally transfers the homeowner's property rights to the lender.

SECURITY DEPOSIT

A payment required by a landlord to ensure that a tenant pays rent on time and keeps the rental unit in good condition. If the tenant damages the property or le... (more...)

A payment required by a landlord to ensure that a tenant pays rent on time and keeps the rental unit in good condition. If the tenant damages the property or leaves owing rent, the landlord can use the security deposit to cover what the tenant owes.

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.

Auburndale Real Estate Lawyer, Wisconsin

Sponsored Law Firm

La Chapelle, Kryshak & Nettesheim, LLP

SPONSORED LAWYERS

Nicholas R. Abts

Jonathan A. Barnett

Gerald D. Stange

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LEGAL TERMS

UNCLEAN HANDS

ASSIGNMENT

BASIS

SHORT SALE (OF HOUSE)

ILLUSORY PROMISE

LIQUID ASSETS

DEED IN LIEU (OF FORECLOSURE)

SECURITY DEPOSIT

VESTED REMAINDER

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