Lima Foreclosure Lawyer, Ohio, page 4

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Steven Katz
About | Practice Areas
Katz, Pryor & DiCuccio, LLP
538 East Rich St. Columbus, OH 43215» view map
Real Estate Law
Knowledgeable And Adaptable

The team members of Katz, Pryor & DiCuccio, LLP combine their knowledge and experience to bring unique expertise in handling your legal matter.

614-363-3500
1. Steven Katz Columbus, OH
  Attorney at Law- OH, 2017
  Capital University Law School, J.D. 2017
2. AboutKatz, Pryor & DiCuccio, LLP
  Knowledgeable And Adaptable
3. Practice AreasExpertise
  Real Estate Law
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800-923-0641

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LEGAL TERMS

NONDISCLOSURE AGREEMENT

A legally binding contract in which a person or business promises to treat specific information as a trade secret and not disclose it to others without proper a... (more...)

A legally binding contract in which a person or business promises to treat specific information as a trade secret and not disclose it to others without proper authorization. Nondisclosure agreements are often used when a business discloses a trade secret to another person or business for such purposes as development, marketing, evaluation or securing financial backing. Although nondisclosure agreements are usually in the form of written contracts, they may also be implied if the context of a business relationship suggests that the parties intended to make an agreement. For example, a business that conducts patent searches for inventors is expected to keep information about the invention secret, even if no written agreement is signed, because the nature of the business is to deal in confidential information.

NET LEASE

A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord's ope... (more...)

A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord's operating costs as well. When all three of the usual costs--taxes, maintenance and insurance--are passed on, the arrangement is known as a 'triple net lease.' Because these costs are variable and almost never decrease, a net lease favors the landlord. Accordingly, it may be possible for a tenant to bargain for a net lease with caps or ceilings, which limits the amount of rent the tenant must pay. For example, a net lease with caps may specify that an increase in taxes beyond a certain point (or any new taxes) will be paid by the landlord. The same kind of protection can be designed to cover increased insurance premiums and maintenance expenses.

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.

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.

ILLUSORY PROMISE

A promise that pledges nothing, because it is vague or because the promisor can choose whether or not to honor it. Such promises are not legally binding. For ex... (more...)

A promise that pledges nothing, because it is vague or because the promisor can choose whether or not to honor it. Such promises are not legally binding. For example, if you get a new job and promise to work for three years, unless you resign sooner, you haven't made a valid contract and can resign or be fired at any time.

PRECEDENT

A legal principle or rule created by one or more decisions of a state or federal appellate court. These rules provide a point of reference or authority for judg... (more...)

A legal principle or rule created by one or more decisions of a state or federal appellate court. These rules provide a point of reference or authority for judges deciding similar issues in later cases. Lower courts must apply these rules when faced with similar legal issues. For example, if the Montana Supreme Court decides that a certain type of employment contract overly restricts the right of the employee to quit and get another job, all other Montana courts must apply this same rule.

DOWN PAYMENT

A lump sum cash payment paid by a buyer when he or she purchases a major piece of property, such as a car or house. The buyer typically takes out a loan for the... (more...)

A lump sum cash payment paid by a buyer when he or she purchases a major piece of property, such as a car or house. The buyer typically takes out a loan for the balance remaining, and pays it off in monthly installments over time.

SPECIFIC PERFORMANCE

A remedy provided by a court that orders the losing side to perform its part of a contract rather than, or possibly in addition to, paying money damages to the ... (more...)

A remedy provided by a court that orders the losing side to perform its part of a contract rather than, or possibly in addition to, paying money damages to the winner.

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.

SAMPLE LEGAL CASES

Cincinnati Bar Association v. Foreclosure Solutions, LLC

{Â¶ 1} Respondent, Cincinnati Bar Association, filed a complaint charging that respondents, Foreclosure Solutions, LLC, and Timothy A. Buckley, engaged in the unauthorized practice of law by providing legal advice to solicited customers facing pending property foreclosures and representing ...

Wells Fargo Bank v. Byrd

... OPINION. DINKELACKER, Judge. {Â¶1} Since plaintiff-appellant Wells Fargo was not a real party in interest at the time it filed suit in this foreclosure action, the trial court properly dismissed the case. But the dismissal should have been without prejudice. ...

Wilborn v. Bank One Corporation

... CUPP, J. {Â¶ 1} In this case we decide whether a provision in a residential mortgage contract requiring a borrower to pay the lender's attorney fees as a condition of reinstatement of a borrower's defaulted mortgage after the lender initiates foreclosure proceedings violates Ohio's ...

Lima Foreclosure Lawyer, Ohio, page 4

Sponsored Law Firm

Katz, Pryor & DiCuccio, LLP

SPONSORED LAWYERS

Chad Anthony Ross

Gregory Hermiller

Ryan Joseph Warnecke

Charles Ferguson Kennedy

Eva Jane Yarger

Kelly Joanne Rauch

Siobhonne Kissling Ward

Andrew Roland Tudor

Paul Norman Mckinley

Thomas Edward Luth

TIPS

LEGAL TERMS

NONDISCLOSURE AGREEMENT

NET LEASE

RIGHT OF SURVIVORSHIP

FRIENDLY SUIT

ILLUSORY PROMISE

PRECEDENT

DOWN PAYMENT

SPECIFIC PERFORMANCE

DEED IN LIEU (OF FORECLOSURE)

SAMPLE LEGAL CASES

Cincinnati Bar Association v. Foreclosure Solutions, LLC

Wells Fargo Bank v. Byrd

Wilborn v. Bank One Corporation

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