Parkhill Eminent Domain Lawyer, Pennsylvania
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1-3 of 3 matches. Page 1 of 1
1004 Ligonier Street, Latrobe, PA 15650
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Belden Building, 117 North Main Street, Greensburg, PA 15601
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Robert P. Lightcap
Eminent Domain, Litigation, Insurance, Defamation & Slander
Status: In Good Standing Licensed: 59 Years
1004 Ligonier St, Latrobe, PA 15650
Profile LAWPOINTS™24/100
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LEGAL TERMS
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.
APPRAISER
A person who is hired to determine the current value of real estate or other property.
LIQUID ASSETS
Business property that can be quickly and easily converted into cash, such as stock, bank accounts and accounts receivable.
DOMINANT TENEMENT
Property that carries a right to use a portion of a neighboring property. For example, property that benefits from a beach access trail across another property ... (more...)
Property that carries a right to use a portion of a neighboring property. For example, property that benefits from a beach access trail across another property is the dominant tenement.
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.
PRIVATE MORTGAGE INSURANCE (PMI)
Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortga... (more...)
Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortgage plus the costs of the sale). A home buyer who makes less than a 20% down payment may have to purchase PMI.
EXECUTRIX
An old-fashioned term for a female executor--the person named in a will to handle the distribution of the deceased person's property. Now, whether male or femal... (more...)
An old-fashioned term for a female executor--the person named in a will to handle the distribution of the deceased person's property. Now, whether male or female, this person is called either the executor or the personal representative.
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.
APPRAISAL
A determination of the value of something, such as a house, jewelry or stock. A professional appraiser -- a qualified, disinterested expert -- makes an estimate... (more...)
A determination of the value of something, such as a house, jewelry or stock. A professional appraiser -- a qualified, disinterested expert -- makes an estimate by examining the property, and looking at the initial purchase price and comparing it with recent sales of similar property. Courts commonly order appraisals in probate, condemnation, bankruptcy or foreclosure proceedings in order to determine the fair market value of property. Banks and real estate companies use appraisals to ascertain the worth of real estate for lending purposes. And insurance companies require appraisals to determine the amount of damage done to covered property before settling insurance claims.
SAMPLE LEGAL CASES
Mazur v. Trinity Area School Dist.
... 31, 70 A.2d 612 (1950), an eminent domain case involving the Urban Redevelopment Law. ... In
Crawford, the plaintiff-appellee brought an action in equity to enjoin the redevelopment authority
from taking her property via eminent domain pursuant to a redevelopment plan. ...
Colombari v. Port Auth. of Allegheny County
... The Colombaris cross appeal from that portion of the trial court's order sustaining the Authority's
preliminary objections to the Petition to the extent that the Colombaris alleged a de facto taking
of property under the former Eminent Domain Code (Code). [1] We affirm. ...
IN RE CONDEMNATION REDEVELOPMENT AUTHORITY OF LAWRENCE CTY.
... Subsequently, asserting that condemnees' properties, inasmuch as they were maintained in
economically undesirable uses and, therefore, qualified as blighted under provisions of the URL,
RALC exercised its power of eminent domain under the URL to condemn the properties ...
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