Venice Foreclosure Lawyer, Florida
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Alexander Scott Dennison
Property Damage, Foreclosure, Estate, Wills & Probate
Status: In Good Standing Licensed: 15 Years
2504 Tamiami Trail North, Nokomis, FL 34275
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LEGAL TERMS
OFFENSIVE COLLATERAL ESTOPPEL
A doctrine that prevents a defendant from re-litigating an issue after it has been lost. For example, if your neighbor sues you for putting up a fence on his la... (more...)
A doctrine that prevents a defendant from re-litigating an issue after it has been lost. For example, if your neighbor sues you for putting up a fence on his land and the court rules that your fence extends beyond your property line, you can't later file your own lawsuit seeking a declaration that the property line is incorrectly drawn.
SHARED EQUITY MORTGAGE
A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the... (more...)
A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the lender is entitled to a portion of the proceeds.
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.
DONATION
A gift of property. The IRS allows you to take an income tax deduction for the value of donations made to charitable organizations who are recognized as such by... (more...)
A gift of property. The IRS allows you to take an income tax deduction for the value of donations made to charitable organizations who are recognized as such by the IRS.
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.
IP
See intellectual property law.
RUNNING WITH THE LAND
A phrase used in property law to describe a right or duty that remains with a piece of property no matter who owns it. For example, the duty to allow a public b... (more...)
A phrase used in property law to describe a right or duty that remains with a piece of property no matter who owns it. For example, the duty to allow a public beach access path across waterfront property would most likely pass from one owner of the property to the next.
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.
RIGHT OF SURVIVORSHIP
The right of a surviving joint tenant to take ownership of a deceased joint tenant's share of the property. See joint tenancy.
SAMPLE LEGAL CASES
Charles v. FORECLOSURE PLACEMENT CENTER, LLC
On learning that she no longer owned her home, Charles sued all those involved in this
transaction. [2] As to Quantum, the title agency that prepared the documents for and conducted
the closing of the sale of her home, Charles sought to recover for claims sounding in ...
Foreclosure FreeSearch, Inc. v. Sullivan
In 1999, Bradford Geisen founded Foreclosure FreeSearch, Inc. ("FFS"), to run a website which
provides customers with information regarding real estate foreclosures all over the country. Since
its formation, Geisen has been FFS's majority shareholder and president. Appellees ...
Lizio v. McCullom
... Subsequently, Haner died, and his estate assigned his interest in the note and mortgage
to appellant. At some point, appellant filed a foreclosure action against appellees, claiming
appellees failed to make required payments on the mortgage. ...
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