Novi Real Estate Lawyer, Michigan, page 7

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Bruce A. Mayrand

Commercial Real Estate, Estate Planning, Family Law, Bankruptcy
Status:  In Good Standing           Licensed:  19 Years

Susan P. Ward-Witkowski

Real Estate, Limited Liability Companies, Business
Status:  In Good Standing           Licensed:  45 Years

Stuart Lawrence Richards

Real Estate, Federal Appellate Practice, Criminal, Collection
Status:  In Good Standing           Licensed:  62 Years

Christien Loord White

Entertainment, Family Law, Real Estate, Art
Status:  In Good Standing           Licensed:  10 Years

Daniel P. King

Premises Liability, Environmental Law, Personal Injury, Accident & Injury
Status:  In Good Standing           

Michael M. Wachsberg

Real Estate, Estate Planning, Consumer Protection, Car Accident, Reinsurance
Status:  In Good Standing           

Thomas K. Lindahl

Commercial Real Estate, Real Estate, Business
Status:  In Good Standing           Licensed:  45 Years

Matthew Patrick Lamaster

Landlord-Tenant, Health Care Other, Merger & Acquisition, Contract
Status:  In Good Standing           Licensed:  13 Years

Michael John Plowman

Criminal, Social Security -- Disability, Divorce & Family Law, Wills & Probate, Real Estate
Status:  In Good Standing           Licensed:  19 Years

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James H. Boyes

General Practice
Status:  In Good Standing           Licensed:  57 Years

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LEGAL TERMS

MORTGAGE

A loan in which the borrower puts up the title to real estate as security (collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender... (more...)
A loan in which the borrower puts up the title to real estate as security (collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender can foreclose on the real estate and have it sold to pay off the loan.

TANGIBLE PERSONAL PROPERTY

Personal property that can be felt or touched. Examples include furniture, cars, jewelry and artwork. However, cash and checking accounts are not tangible perso... (more...)
Personal property that can be felt or touched. Examples include furniture, cars, jewelry and artwork. However, cash and checking accounts are not tangible personal property. The law is unsettled as to whether computer data is tangible personal property. Compare intangible property.

ASYLUM

A legal status granted to an individual who is in the United States and fears political persecution if he or she is forced to return to their home country.

DIVIDEND

A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash,... (more...)
A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash, though they may also be paid in the form of additional shares of stock or other property. The amount of a dividend is established by the corporation's board of directors; however, state laws often restrict a corporation's ability to declare dividends by requiring a minimum level of profits or assets before the dividend can be approved.

JUROR

A person who serves on a jury. Lists of potential jurors are obtained from sources such as voter registration rolls and department of motor vehicles' lists. In ... (more...)
A person who serves on a jury. Lists of potential jurors are obtained from sources such as voter registration rolls and department of motor vehicles' lists. In most states, employers are prohibited from discriminating against employees who are called for jury duty--that is, they cannot demote or fire an employee for serving. And a few states require that the employer continue to pay the absent employee. Individuals who are selected to serve on a jury receive from the court a very small fee for their time and sometimes the cost of traveling from home to court.

INDISPENSABLE PARTY

A person or entity (such as a corporation) that must be included in a lawsuit in order for the court to render a final judgment that will be just to everyone co... (more...)
A person or entity (such as a corporation) that must be included in a lawsuit in order for the court to render a final judgment that will be just to everyone concerned. For example, if a person sues his neighbors to force them to prune a tree that poses a danger to his house, he must name all owners of the neighboring property in the suit.

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).

EVICTION

Removal of a tenant from rental property by a law enforcement officer. First, the landlord must file and win an eviction lawsuit, also known as an 'unlawful det... (more...)
Removal of a tenant from rental property by a law enforcement officer. First, the landlord must file and win an eviction lawsuit, also known as an 'unlawful detainer.'

LIQUID ASSETS

Business property that can be quickly and easily converted into cash, such as stock, bank accounts and accounts receivable.

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