Scotts Real Estate Lawyer, Michigan

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Shaun P. Willis Lawyer

Shaun P. Willis

VERIFIED
Accident & Injury, Real Estate, Criminal, Estate, Elder Law

Shaun Willis, along with his brother Michael, is a co-founder and Partner of Willis Law. Willis Law has offices in Kalamazoo, Grand Rapids, and Paw Pa... (more)

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888-461-7744

Gary E. Tibble

Real Estate, Estate, Criminal, Contract
Status:  In Good Standing           Licensed:  34 Years

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Scott Steven Chu

Landlord-Tenant, Real Estate, Trusts, Civil Rights
Status:  In Good Standing           Licensed:  10 Years

Brett Alan Grossman

Tax, Land Use & Zoning, Agriculture, Estate Planning
Status:  In Good Standing           Licensed:  23 Years

John Patrick Lennon

Real Estate, Estate Planning, Commercial Real Estate
Status:  In Good Standing           Licensed:  31 Years

Eric J. Guerin

Real Estate, Litigation, Lawsuit & Dispute, Corporate
Status:  In Good Standing           Licensed:  33 Years

Charles R. Bear

Real Estate, Estate, Bankruptcy & Debt, Medical Malpractice
Status:  In Good Standing           Licensed:  42 Years

Robb Krueger

Construction, Litigation, Contract, Business & Trade
Status:  In Good Standing           

Donald E. Overbeek

Real Estate, Estate Planning, Estate
Status:  In Good Standing           Licensed:  59 Years

Roxanne C. Seeber

Real Estate, Municipal, Limited Liability Companies, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  30 Years

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LEGAL TERMS

APPRECIATION

An increase in value. Appreciated property is property that has gone up in value since it was acquired.

USUFRUCT

The right to use property -- or income from property -- that is owned by another.

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.

MULTIPLE LISTING SERVICE (MLS)

A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now b... (more...)
A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now be obtained by the public through websites like www.realtor.com.

SHORT SALE (OF HOUSE)

A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale ... (more...)
A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes. See also deed in lieu (or foreclosure).

LEASE OPTION

A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to b... (more...)
A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance. A lease option is often a good arrangement for a potential home buyer because it lets him move into a house he may buy without having to come up with a down payment or financing at that time.

OFFER

A proposal to enter into an agreement with another person. An offer must express the intent of the person making the offer to form a contract, must contain some... (more...)
A proposal to enter into an agreement with another person. An offer must express the intent of the person making the offer to form a contract, must contain some essential terms--including the price and subject matter of the contract--and must be communicated by the person making the offer. A legally valid acceptance of the offer will create a binding contract.

INHERITORS

Persons or organizations who receive property from someone who dies.

ESTATE

Generally, all the property you own when you die.

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