Smithfield Real Estate Lawyer, Illinois

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Thomas R. Siegel

Real Estate, Traffic, Criminal, Products Liability, Medical Malpractice
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Ryan Lee Meikamp

Real Estate, Estate Planning, Workers' Compensation, Family Law, Civil Rights
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

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Charles G. Roth

Pharmaceutical Product, Bad Faith Insurance, Transportation & Shipping, Construction
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Michael P Roush

Agriculture, Commercial Leasing, Commercial Real Estate, Defamation & Slander, Tax
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Laurie M. Judd

Banking & Finance, Bankruptcy, Corporate, Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Beth Anne Spence Brush

Estate Planning, Family Law, Wills & Probate, Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Glenn E. Benckendorf

Real Estate, Estate Planning, Contract, Business Organization
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Fadi B. Rustom

Dispute Resolution, Landlord-Tenant, Mediation, Personal Injury
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

W. Thomas Johnston

Agriculture, Civil Rights, Construction, Consumer Protection
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

John Mcmillan

Commercial Real Estate, Estate Planning, Civil Rights, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  50 Years

Free Help: Use This Form or Call 800-814-6700

Member Representative

Call me for fastest results!
800-814-6700

Free Help: Use This Form or Call 800-814-6700

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LEGAL TERMS

FAILURE OF CONSIDERATION

The refusal or inability of a contracting party to perform its side of a bargain.

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).

QUANTUM MERUIT

The reasonable value of services provided, which a winning party may be able to recover from an opponent who broke a contract.

HOUSE CLOSING

The final transfer of the ownership of a house from the seller to the buyer, which occurs after both have met all the terms of their contract and the deed has b... (more...)
The final transfer of the ownership of a house from the seller to the buyer, which occurs after both have met all the terms of their contract and the deed has been recorded.

REFORMATION

The act of changing a written contract when one of the parties can prove that the actual agreement was different than what's written down. The changes are usual... (more...)
The act of changing a written contract when one of the parties can prove that the actual agreement was different than what's written down. The changes are usually made by a court when both parties overlooked a mistake in the document, or when one party has deceived the other.

ASSIGNEE

A person to whom a property right is transferred. For example, an assignee may take over a lease from a tenant who wants to permanently move out before the leas... (more...)
A person to whom a property right is transferred. For example, an assignee may take over a lease from a tenant who wants to permanently move out before the lease expires. The assignee takes control of the property and assumes all the legal rights and responsibilities of the tenant, including payment of rent. However, the original tenant remains legally responsible if the assignee fails to pay the rent.

LIFE TENANT

One who has a life estate in real property.

APPRAISER

A person who is hired to determine the current value of real estate or other property.

FUTURE INTEREST

A right to property that cannot be enforced in the present, but only at some time in the future. For example, John's will leaves his house to his sister Marian,... (more...)
A right to property that cannot be enforced in the present, but only at some time in the future. For example, John's will leaves his house to his sister Marian, but only after the death of his wife, Hillary. Marian has a future interest in the house.

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