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Stephen Cromwell
About | Practice Areas
Cromwell & Associates, LLC
7305 Baltimore Ave Suite 307 College Park, MD 20740» view map
Estate, Tax, and Real Estate Law
Where Every Client Matters

At Cromwell & Associates, our firm is large enough to handle your diverse needs, but small enough to give you the personal attention you deserve.

240-667-7234
1. Stephen Cromwell College Park, MD
  Attorney at Law, MD
  University of Maryland School of Law, J.D. 2019
2. AboutCromwell & Associates, LLC
  Where Every Client Matters
3. Practice AreasExpertise
  Estate Law
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Includes: Construction Contracts, Construction Liens, Housing & Construction Defects

Eric John Darden

Construction, Real Estate, Lawsuit & Dispute

Status:

CONTACT

8257 Copperleaf Ct, Owings, MD 20736

Judith Hosley Mullen

Construction, Real Estate, International, Civil & Human Rights

Status: Licensed: 51 Years

CONTACT

Dunkirk, MD 20754

Richard R Page Wyrough

Construction, Real Estate, Corporate, Business

Status: Licensed: 39 Years

CONTACT

217 Biggs Purchase Lane, Lothian, MD 20711

800-814-6700

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LEGAL TERMS

BOND

(1) A written agreement purchased from a bonding company that guarantees a person will properly carry out a specific act, such as managing funds, showing up in ... (more...)

(1) A written agreement purchased from a bonding company that guarantees a person will properly carry out a specific act, such as managing funds, showing up in court, providing good title to a piece of real estate or completing a construction project. If the person who purchased the bond fails at his or her task, the bonding company will pay the aggrieved party an amount up to the value of the bond. (2) An interest-bearing document issued by a government or company as evidence of a debt. A bond provides pre-determined payments at a set date to the bond holder. Bonds may be 'registered' bonds, which provide payment to the bond holder whose name is recorded with the issuer and appears on the bond certificate, or 'bearer' bonds, which provide payments to whomever holds the bond in-hand.

BEQUEST

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

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.

JUROR

A person who serves on a jury. Lists of potential jurors are obtained from sources such as voter registration rolls and department of motor vehicles' lists. In ... (more...)

A person who serves on a jury. Lists of potential jurors are obtained from sources such as voter registration rolls and department of motor vehicles' lists. In most states, employers are prohibited from discriminating against employees who are called for jury duty--that is, they cannot demote or fire an employee for serving. And a few states require that the employer continue to pay the absent employee. Individuals who are selected to serve on a jury receive from the court a very small fee for their time and sometimes the cost of traveling from home to court.

ANNUAL MEETING

A term commonly used to refer to annual meetings of shareholders or directors of a corporation. Shareholders normally meet to elect directors or to consider maj... (more...)

A term commonly used to refer to annual meetings of shareholders or directors of a corporation. Shareholders normally meet to elect directors or to consider major structural changes to the corporation, such as amending the articles of incorporation or merging or dissolving the corporation. Directors meet to consider or ratify important business decisions, such as borrowing money, buying real property or hiring key employees.

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.

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.

INCIDENTS OF OWNERSHIP

Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to... (more...)

Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to receive rent--then legally, no gift has been made. This distinction can be important if you're making large gifts to reduce your eventual estate tax.

SAMPLE LEGAL CASES

MATTINGLY CONSTRUCTION v. Hartford

Our focus is whether a waivers of subrogation clause in a form contract, between the contractor and the owner of the real property and the restaurant to be constructed, encompasses losses sustained after completion of construction and final payment. [3] "Subrogation," in this ...

JOHN DEERE CONSTRUCTION AND FORESTRY CO. v. Reliable Tractor, Inc.

This case comes to this Court as a certified question from the United States District Court for the Middle District of Georgia. We are asked to decide whether the good cause provision of the Maryland Equipment Dealer Act ("the Act"), Md. Code (1975, 2005 Repl.Vol.), Â§ 19-103 of the ...

Selby v. Williams Construction

At the end of the project, not having been paid in full, Selby Construction filed suit against HRGM, claiming that it was owed $205,000. In a separate action, Williams filed suit against Selby Construction and David Selby, alleging that its account with Selby Construction on the ...

Friendship Construction Lawyer, Maryland

Sponsored Law Firm

Cromwell & Associates, LLC

SPONSORED LAWYERS

Eric John Darden

Judith Hosley Mullen

Richard R Page Wyrough

TIPS

LEGAL TERMS

BOND

BEQUEST

DEED IN LIEU (OF FORECLOSURE)

JUROR

ANNUAL MEETING

ASSIGNMENT

BASIS

UNCONSCIONABILITY

INCIDENTS OF OWNERSHIP

SAMPLE LEGAL CASES

MATTINGLY CONSTRUCTION v. Hartford

JOHN DEERE CONSTRUCTION AND FORESTRY CO. v. Reliable Tractor, Inc.

Selby v. Williams Construction

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