Little Rock Foreclosure Lawyer, Arkansas, page 9


John Dewey Watson

Construction, Clean Air Practice, Criminal, Administrative Law
Status:  In Good Standing           

John Dewey Watson

Construction, Employee Rights, Family Law, Toxic Mold & Tort
Status:  In Good Standing           

John Douglas Watson

Construction, Lawsuit & Dispute, Clean Air Practice, Administrative Law
Status:  In Good Standing           

Leisa Pulliam

Credit & Debt, Business & Trade, Commercial Real Estate, Gift Taxation
Status:  In Good Standing           Licensed:  16 Years
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Stephen R Giles

Corporate, Construction, Contract, Eminent Domain
Status:  In Good Standing           Licensed:  46 Years

Marvin L Childers

Commercial Real Estate, Estate Administration, Gift Taxation, Estate Planning
Status:  In Good Standing           Licensed:  35 Years

Gregory Steven Ivester

Commercial Real Estate, Oil & Gas, Industry Specialties, Wills
Status:  In Good Standing           Licensed:  14 Years

Gregory Steven Ivester

Commercial Real Estate, Oil & Gas, Industry Specialties, Wills
Status:  In Good Standing           Licensed:  14 Years

J. Don Overton

Mediation, Construction, Wills & Probate, Business
Status:  In Good Standing           

Danielle Litaker-nall

Construction, Corporate, Commercial Real Estate
Status:  In Good Standing           Licensed:  27 Years

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LEGAL TERMS

HOMESTEAD DECLARATION

A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that ... (more...)
A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that is, you are not required to record a homestead declaration in order to claim the homestead exemption. A few states do require such a recording, however.

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.

APPRECIATION

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

ANNUAL MEETING

A term commonly used to refer to annual meetings of shareholders or directors of a corporation. Shareholders normally meet to elect directors or to consider maj... (more...)
A term commonly used to refer to annual meetings of shareholders or directors of a corporation. Shareholders normally meet to elect directors or to consider major structural changes to the corporation, such as amending the articles of incorporation or merging or dissolving the corporation. Directors meet to consider or ratify important business decisions, such as borrowing money, buying real property or hiring key employees.

LANDLORD

The owner of any real estate, such as a house, apartment building or land, that is leased or rented to another person, called the tenant.

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.

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.

USE TAX

A tax imposed by a state to compensate for the sales tax lost when an item is purchased outside of the state, but is used within the state. For example, you buy... (more...)
A tax imposed by a state to compensate for the sales tax lost when an item is purchased outside of the state, but is used within the state. For example, you buy your car in a state that has no sales tax, but you live across the border in a state that does have a sales tax. When you bring your car home and register it in your state, the state taxing authority will bill you for the sales tax it would have collected had you bought the car within the state.

FINDER'S FEE

A fee charged by real estate brokers and apartment-finding services in exchange for locating a rental property. These fees are permitted by law. Some landlords,... (more...)
A fee charged by real estate brokers and apartment-finding services in exchange for locating a rental property. These fees are permitted by law. Some landlords, however, charge finder's fees merely for renting a place. This type of charge is not legitimate and, in some areas, is specifically declared illegal.