Perkasie Foreclosure Lawyer, Pennsylvania
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CONTACT 707 Lake Side Office Park Street Rd, Southampton, PA 18966
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Timothy Wilfong
Bankruptcy & Debt, Collection, Bankruptcy, Foreclosure
FREE CONSULTATION 
CONTACT 21 South Main Street, Phoenixville, PA 19460
Profile LAWPOINTS™38/100
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LEGAL TERMS
JOINT TENANCY
A way for two or more people to share ownership of real estate or other property. When two or more people own property as joint tenants and one owner dies, the ... (more...)
A way for two or more people to share ownership of real estate or other property. When two or more people own property as joint tenants and one owner dies, the other owners automatically own the deceased owner's share. For example, if a parent and child own a house as joint tenants and the parent dies, the child automatically becomes full owner. Because of this right of survivorship, no will is required to transfer the property; it goes directly to the surviving joint tenants without the delay and costs of probate.
LIMITED EQUITY HOUSING
An arrangement designed to encourage low-and moderate-income families to purchase housing, in which the housing is offered at an extremely favorable price with ... (more...)
An arrangement designed to encourage low-and moderate-income families to purchase housing, in which the housing is offered at an extremely favorable price with a low down payment. The catch is that when the owner sells, she gets none of the profit if the market value of the unit has gone up. Any profit returns to the organization that built the home, which then resells the unit at an affordable price.
SHARED EQUITY MORTGAGE
A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the... (more...)
A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the lender is entitled to a portion of the proceeds.
TESTAMENTARY DISPOSITION
Leaving property in a will.
VIEW ORDINANCE
A law adopted by some cities or towns with desirable vistas -- such as those in the mountains or overlooking the ocean -- that protects a property owner from ha... (more...)
A law adopted by some cities or towns with desirable vistas -- such as those in the mountains or overlooking the ocean -- that protects a property owner from having his or her view obstructed by growing trees. View ordinances don't cover buildings or other structures that may block views.
DONATION
A gift of property. The IRS allows you to take an income tax deduction for the value of donations made to charitable organizations who are recognized as such by... (more...)
A gift of property. The IRS allows you to take an income tax deduction for the value of donations made to charitable organizations who are recognized as such by the IRS.
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.
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.
DEEP LINK
A link from one website to another that bypasses the second website's home page and takes the user directly to an internal page on the site. For example, a deep... (more...)
A link from one website to another that bypasses the second website's home page and takes the user directly to an internal page on the site. For example, a deep link from Yahoo might take the user directly to a news article on a news site instead of linking to the home page of the site.
SAMPLE LEGAL CASES
US BANK NA v. Mallory
... Appellant contends (1) the default judgment should have been stricken since the failure to plead
properly an assignment of mortgage in a mortgage foreclosure action is a fatal defect apparent
on the face of the record; (2) Appellee did not have standing to bring the instant ...
Strausser v. PRAMCO, III
... interest and late fees. ¶ 6 On October 27, 2005, M&T sold appellant's loan to PRAMCO.
On May 11, 2006, PRAMCO instituted a mortgage foreclosure action against the
429-431 E. Market Street property. On August 1, 2006, appellant ...
Citimortgage, Inc. v. KDR INVESTMENTS, LLP
... Initially, Tina Neely held title to the property and Citimortgage held a first mortgage lien. When
Neely's mortgage became delinquent, Citimortgage instituted foreclosure proceedings, which
led to a Sheriff's sale on July 13, 2006. Citimortgage purchased the property at that sale. ...
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