Waterloo Eminent Domain Lawyer, Wisconsin
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John A. Kassner
Complex Litigation, Eminent Domain, Land Use & Zoning, Real Estate
Status: In Good Standing
2501 Parmentar St., Middleton, WI 53562
Profile LAWPOINTS™47/100
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Matthew J. Fleming
Eminent Domain, Alcoholic Beverages, Criminal, Discrimination
Status: In Good Standing Licensed: 26 Years
33 E Main St, Madison, WI 53701
Profile LAWPOINTS™35/100
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LEGAL TERMS
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.
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.
AGREEMENT
A meeting of the minds. An agreement is made when two people reach an understanding about a particular issue, including their obligations, duties and rights. Wh... (more...)
A meeting of the minds. An agreement is made when two people reach an understanding about a particular issue, including their obligations, duties and rights. While agreement is sometimes used to mean contract -- a legally binding oral or written agreement -- it is actually a broader term, including understandings that might not rise to the level of a legally binding contract.
DEVISE
An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some s... (more...)
An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some states, 'devise' now applies to any kind of property left by will, making it identical to the term bequest. Compare legacy.
INHERITORS
Persons or organizations who receive property from someone who dies.
ASSIGNMENT
A transfer of property rights from one person to another, called the assignee.
RECORDING
The process of filing a copy of a deed or other document concerning real estate with the land records office for the county in which the land is located. Record... (more...)
The process of filing a copy of a deed or other document concerning real estate with the land records office for the county in which the land is located. Recording creates a public record of changes in ownership of all property in the state.
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.
DEBENTURE
A type of bond (an interest-bearing document that serves as evidence of a debt) that does not require security in the form of a mortgage or lien on a specific p... (more...)
A type of bond (an interest-bearing document that serves as evidence of a debt) that does not require security in the form of a mortgage or lien on a specific piece of property. Repayment of a debenture is guaranteed only by the general credit of the issuer. For example, a corporation may issue a secured bond that gives the bondholder a lien on the corporation's factory. But if it issues a debenture, the loan is not secured by any property at all. When a corporation issues debentures, the holders are considered creditors of the corporation and are entitled to payment before shareholders if the business folds.
SAMPLE LEGAL CASES
Andrews v. Wisconsin Public Service Corp.
... 7 Wisconsin courts have long recognized that the right to eminent domain cannot be abrogated
by contract. City of Milwaukee v. Schomberg, 261 Wis. ... (citing 1 NICHOLS ON EMINENT DOMAIN
75-76, § 22 (2d ed.1917)). ¶ 9 The rule described in Schomberg remains the law. ...
Buckett v. Jante
... 5 In 2005, the Wisconsin Department of Transportation sought to condemn and purchase the
parcel through an eminent domain proceeding for another road construction project. Initially,
the DOT looked at Racine county's records and thought Buckett owned the property. ...
City of Milwaukee v. Redevelopment Auth.
... We begin our analysis with a brief review of the history of the unit rule. ¶ 9 The unit rule "requires
that real estate be valued in respect to its gross value as a single entity as if there was only one
owner." 4-13 NICHOLS, EMINENT DOMAIN § 13.01[16] § 13-28. ...
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