Girardville Foreclosure Lawyer, Pennsylvania
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Larry W. Miller
Commercial Leasing, Conveyancing, Copyright, Foreclosure
Status: In Good Standing Licensed: 46 Years
25 Stevens Avenue, Reading, PA 19609
Profile LAWPOINTS™36/100
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501 Washington Street, Reading, PA 19601
Profile LAWPOINTS™27/100
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Andrew Monastra
Commercial Real Estate, Foreclosure, Real Estate, Banking & Finance
Status: In Good Standing
800 East High St., Pottstown, PA 19464
Profile LAWPOINTS™34/100
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LEGAL TERMS
APPRAISAL
A determination of the value of something, such as a house, jewelry or stock. A professional appraiser -- a qualified, disinterested expert -- makes an estimate... (more...)
A determination of the value of something, such as a house, jewelry or stock. A professional appraiser -- a qualified, disinterested expert -- makes an estimate by examining the property, and looking at the initial purchase price and comparing it with recent sales of similar property. Courts commonly order appraisals in probate, condemnation, bankruptcy or foreclosure proceedings in order to determine the fair market value of property. Banks and real estate companies use appraisals to ascertain the worth of real estate for lending purposes. And insurance companies require appraisals to determine the amount of damage done to covered property before settling insurance claims.
GROSS LEASE
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintena... (more...)
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance. A gross lease closely resembles the typical residential lease. The tenant may agree to a 'gross lease with stops,' meaning that the tenant will pitch in if the landlord's operating costs rise above a certain level. In real estate lingo, the point when the tenant starts to contribute is called the 'stop level,' because that's where the landlord's share of the costs stops.
ACT OF GOD
An extraordinary and unexpected natural event, such as a hurricane, tornado, earthquake or even the sudden death of a person. An act of God may be a defense aga... (more...)
An extraordinary and unexpected natural event, such as a hurricane, tornado, earthquake or even the sudden death of a person. An act of God may be a defense against liability for injuries or damages. Under the law of contracts, an act of God often serves as a valid excuse if one of the parties to the contract is unable to fulfill his or her duties -- for instance, completing a construction project on time.
FINDER'S FEE
A fee charged by real estate brokers and apartment-finding services in exchange for locating a rental property. These fees are permitted by law. Some landlords,... (more...)
A fee charged by real estate brokers and apartment-finding services in exchange for locating a rental property. These fees are permitted by law. Some landlords, however, charge finder's fees merely for renting a place. This type of charge is not legitimate and, in some areas, is specifically declared illegal.
REFUGEE
In the context of U.S. immigration law, people who have been allowed to live in the United States indefinitely to protect them from persecution in their home co... (more...)
In the context of U.S. immigration law, people who have been allowed to live in the United States indefinitely to protect them from persecution in their home countries. Refugees get their status before coming to the U.S., while asylum seekers obtain their status after arrival. Refugees may eventually get green cards.
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.
INCAPACITY
(1) A lack of physical or mental abilities that results in a person's inability to manage his or her own personal care, property or finances. (2) A lack of abil... (more...)
(1) A lack of physical or mental abilities that results in a person's inability to manage his or her own personal care, property or finances. (2) A lack of ability to understand one's actions when making a will or other legal document. (3) The inability of an injured worker to perform his or her job. This may qualify the worker for disability benefits or workers' compensation.
TESTAMENTARY DISPOSITION
Leaving property in a will.
FORECLOSURE
The forced sale of real estate to pay off a loan on which the owner of the property has defaulted.
SAMPLE LEGAL CASES
US BANK NA v. Mallory
... Appellant contends (1) the default judgment should have been stricken since the failure to plead
properly an assignment of mortgage in a mortgage foreclosure action is a fatal defect apparent
on the face of the record; (2) Appellee did not have standing to bring the instant ...
Strausser v. PRAMCO, III
... interest and late fees. ¶ 6 On October 27, 2005, M&T sold appellant's loan to PRAMCO.
On May 11, 2006, PRAMCO instituted a mortgage foreclosure action against the
429-431 E. Market Street property. On August 1, 2006, appellant ...
Citimortgage, Inc. v. KDR INVESTMENTS, LLP
... Initially, Tina Neely held title to the property and Citimortgage held a first mortgage lien. When
Neely's mortgage became delinquent, Citimortgage instituted foreclosure proceedings, which
led to a Sheriff's sale on July 13, 2006. Citimortgage purchased the property at that sale. ...
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