Teaneck Real Estate Lawyer, New Jersey

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Katherine Grace Houghton Lawyer

Katherine Grace Houghton

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Accident & Injury, Divorce & Family Law, Estate, Real Estate, Workers' Compensation

Ms. Houghton has over twenty-seven years trial experience and appears in most courts throughout the State of New Jersey. Ms. Houghton has handled lite... (more)

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800-839-1720

Raymond S. Carroll

Construction, Transportation & Shipping, Workers' Compensation, Products Liability
Status:  In Good Standing           

John L. Schettino

Real Estate, Workers' Compensation, Accident & Injury
Status:  In Good Standing           

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Edward T. Rogan

Real Estate, Mass Torts, Lawsuit & Dispute, Estate, Accident & Injury
Status:  In Good Standing           

Marianne Quinn

Family Law, Divorce, Real Estate, Litigation
Status:  In Good Standing           

Charles H. Bartel

Commercial Leasing, Commercial Real Estate
Status:  In Good Standing           

Daniel S. Eichhorn

Construction, Complex Litigation, Bad Faith Insurance, Corporate
Status:  In Good Standing           

Brenda H. Rothman

Real Estate, Family Law, Criminal, Personal Injury
Status:  In Good Standing           

Michelle A. Sweet

Real Estate, Lawsuit & Dispute, Estate
Status:  In Good Standing           

William F. Rupp

Land Use & Zoning, Government Contract, Wills & Probate, Family Law
Status:  In Good Standing           

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LEGAL TERMS

BEQUEST

The legal term for personal property (anything but real estate) left in a will.

FRIENDLY SUIT

A lawsuit brought by two parties, not as adversaries, but as collaborators in order to resolve a legal question that affects them both. For example, two compani... (more...)
A lawsuit brought by two parties, not as adversaries, but as collaborators in order to resolve a legal question that affects them both. For example, two companies might bring a friendly suit to court in order to clarify a legal interpretation of a contract between them.

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.

FORFEITURE

The loss of property or a privilege due to breaking a law. For example, a landlord may forfeit his or her property to the federal or state government if the lan... (more...)
The loss of property or a privilege due to breaking a law. For example, a landlord may forfeit his or her property to the federal or state government if the landlord knows it is a drug-dealing site but fails to stop the illegal activity. Or, you may have to forfeit your driver's license if you commit too many moving violations or are convicted of driving under the influence of alcohol or drugs.

INHERITORS

Persons or organizations who receive property from someone who dies.

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.

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.

ACT OF GOD

An extraordinary and unexpected natural event, such as a hurricane, tornado, earthquake or even the sudden death of a person. An act of God may be a defense aga... (more...)
An extraordinary and unexpected natural event, such as a hurricane, tornado, earthquake or even the sudden death of a person. An act of God may be a defense against liability for injuries or damages. Under the law of contracts, an act of God often serves as a valid excuse if one of the parties to the contract is unable to fulfill his or her duties -- for instance, completing a construction project on 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.