Whitmore Real Estate Other Lawyer, California

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Mitchell Abdallah
About | Practice Areas
Abdallah Law Group, P.C.
555 Capitol Mall Suite 766 Sacramento, CA 95814» view map
Real Estate Law
#1 Sacramento Law Office

Abdallah Law Group is ready to fight for our clients. We provide comprehensive, individualized and affordable legal representation.

800-698-5801
1. Mitchell Abdallah Sacramento, CA
  Attorney at Law- CA, 2002
  Laurence Drivon School of Law, J.D. 2002
2. AboutAbdallah Law Group, P.C.
  #1 Sacramento Law Office
3. Practice AreasExpertise
  Real Estate Law
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Includes: Commercial Leasing, Commercial Real Estate, Condominiums, Conveyancing, Housing & Urban Development, Premises Liability, Residential Real Estate, Title Insurance

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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.

INTANGIBLE PROPERTY

Personal property that has no physical existence, such as stocks, bonds, bank notes, trade secrets, patents, copyrights and trademarks. Such 'untouchable' items... (more...)

Personal property that has no physical existence, such as stocks, bonds, bank notes, trade secrets, patents, copyrights and trademarks. Such 'untouchable' items may be represented by a certificate or license that fixes or approximates the value, but others (such as the goodwill or reputation of a business) are not easily valued or embodied in any instrument. Compare tangible property.

MECHANIC'S LIEN

A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Ty... (more...)

A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Typical lien claimants are general contractors, subcontractors and suppliers of building materials. A mechanics' lien claimant can sue to have the real estate sold at auction and recover the debt from the proceeds. Because property with a lien on it cannot be easily sold until the lien is satisfied (paid off), owners have a great incentive to pay their bills.

ASSIGNMENT

A transfer of property rights from one person to another, called the assignee.

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.

LIABILITY INSURANCE COVERAGE

Compensation to third parties who are injured or whose property is damaged due to the fault of the insurance holder. You may have liability insurance for your c... (more...)

Compensation to third parties who are injured or whose property is damaged due to the fault of the insurance holder. You may have liability insurance for your car or your home, or to cover actions you take in the course of your profession. Liability polices are sometimes called 'third-party policies.'

RIGHT OF SURVIVORSHIP

The right of a surviving joint tenant to take ownership of a deceased joint tenant's share of the property. See joint tenancy.

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.

DEVISE

An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some s... (more...)

An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some states, 'devise' now applies to any kind of property left by will, making it identical to the term bequest. Compare legacy.

Whitmore Real Estate Other Lawyer, California

Sponsored Law Firm

Abdallah Law Group, P.C.

SPONSORED LAWYERS

David G. Clark

Steven Brian Mccarthy

Robert Lawrence Robinson

Charles Todd Endres

Natalia K. Ebersole

Tyler Maize Lalaguna

Robert Alton West

Darryl L Wagner

John Edward Carelli

Rockford Neal Slaughter

TIPS

LEGAL TERMS

DEED IN LIEU (OF FORECLOSURE)

INTANGIBLE PROPERTY

MECHANIC'S LIEN

ASSIGNMENT

DOWN PAYMENT

LIABILITY INSURANCE COVERAGE

RIGHT OF SURVIVORSHIP

APPRAISAL

DEVISE

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