Lansing Real Estate Lawyer, Michigan, page 5

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Harry Steven Ellman
Why Choose Harry
Harry Ellman Law
28470 W. 13 Mile Road Suite 325 Farmington Hills, MI 48334 » view map
Purchase Agreements, Leases, Mortgages, etc.
Trusted Real Estate Lawyer since 1971

I have over 40 yearsâ€™ experience in law and title issues. Clients should look for an attorney that sincerely cares about getting a positive result for them.

800-819-5650
1. Harry Ellman Farmington Hills, MI
  Attorney At Law - MI, 1971
  Wayne State University Law School
2. Why Choose Harry
  Since 2006 he has resolved many legal matters without the need to litigate.
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Ronald H. Farnum

Real Estate, Banking & Finance, Government

Status: In Good Standing Licensed: 45 Years

CONTACT

525 W Ottawa St, Lansing, MI 48933

Mary Catherine Wilcox

Business, Administrative Law, Litigation, Real Estate

Status: In Good Standing Licensed: 15 Years

CONTACT

525 W Ottawa St, Lansing, MI 48909

Michael Christopher Fobbe

Administrative Law, Real Estate, Business

Status: In Good Standing Licensed: 10 Years

CONTACT

525 W Ottawa St, Lansing, MI 48933

John J. Dewane

Real Estate, Lawsuit & Dispute, Criminal

Status: In Good Standing Licensed: 26 Years

CONTACT

303 W Kalamazoo St, Lansing, MI 48933

Randall M. Behrmann

Commercial Real Estate, Litigation, Family Law, Personal Injury

Status: In Good Standing Licensed: 26 Years

CONTACT

303 W Kalamazoo St, Lansing, MI 48933

Barbara B. Herdus

Landlord-Tenant, Social Security, Family Law, Personal Injury

Status: In Good Standing Licensed: 28 Years

CONTACT

303 W Kalamazoo St, Lansing, MI 48933

Roderick C. Porter

Real Estate, Estate, Divorce & Family Law, Accident & Injury

Status: In Good Standing Licensed: 31 Years

CONTACT

303 W Kalamazoo St, Lansing, MI 48933

Arlene K. Alexander

Real Estate, Estate Planning, Estate, Corporate

Status: In Good Standing Licensed: 39 Years

CONTACT

300 S Capitol Ave, Lansing, MI 48933

Frank C. Aiello

Real Estate, Gay & Lesbian Rights

Status: In Good Standing Licensed: 23 Years

CONTACT

300 S Capitol Ave, Lansing, MI 48933

Heather Lea Dunbar

Real Estate, Criminal

Status: In Good Standing Licensed: 23 Years

CONTACT

300 S Capitol Ave, Lansing, MI 48933

800-923-0641

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800-943-8690

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LEGAL TERMS

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.

HOMESTEAD

(1) The house in which a family lives, plus any adjoining land and other buildings on that land. (2) Real estate which is not subject to the claims of creditors... (more...)

(1) The house in which a family lives, plus any adjoining land and other buildings on that land. (2) Real estate which is not subject to the claims of creditors as long as it is occupied as a home by the head of the household. After the head of the family dies, homestead laws often allow the surviving spouse or minor children to live on the property for as long as they choose. (3) Land acquired out of the public lands of the United States. The term 'homesteaders' refers to people who got their land by settling it and making it productive, rather than purchasing it outright.

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.

FAIR HOUSING ACT & FAIR HOUSING AMENDMENTS ACT

Federal laws that prohibit housing discrimination on the basis of race or color, national origin, religion, sex, familial status or disability. The federal Acts... (more...)

Federal laws that prohibit housing discrimination on the basis of race or color, national origin, religion, sex, familial status or disability. The federal Acts apply to all aspects of the landlord/tenant relationship, from refusing to rent to members of certain groups to providing different services during tenancy.

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.

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.

ESCHEAT

The forfeit of all property to the state when a person dies without heirs.

LIMITED EQUITY HOUSING

An arrangement designed to encourage low-and moderate-income families to purchase housing, in which the housing is offered at an extremely favorable price with ... (more...)

An arrangement designed to encourage low-and moderate-income families to purchase housing, in which the housing is offered at an extremely favorable price with a low down payment. The catch is that when the owner sells, she gets none of the profit if the market value of the unit has gone up. Any profit returns to the organization that built the home, which then resells the unit at an affordable price.

Lansing Real Estate Lawyer, Michigan, page 5

Sponsored Law Firm

Harry Ellman Law

SPONSORED LAWYERS

Ronald H. Farnum

Mary Catherine Wilcox

Michael Christopher Fobbe

John J. Dewane

Randall M. Behrmann

Barbara B. Herdus

Roderick C. Porter

Arlene K. Alexander

Frank C. Aiello

Heather Lea Dunbar

TIPS

LEGAL TERMS

BASIS

HOMESTEAD

VESTED REMAINDER

FRIENDLY SUIT

FAIR HOUSING ACT & FAIR HOUSING AMENDMENTS ACT

INCIDENTS OF OWNERSHIP

APPRAISAL

ESCHEAT

LIMITED EQUITY HOUSING

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