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About Michael Lambrese

I have over twenty years in corporate sales in the construction industry. With that experience in hand, I have the ability to offer a unique type of service to clients, especially those who are interested in investment properties or second homes.

RE/MAX Town & Country

Michael Lambrese

Michael Lambrese


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2081 Diamond Hill Rd , Cumberland - RI 02864

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Office: 1-401-447-3232

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Real Estate Glossary Terms

  • Contents Replacement Cost Protection

    Optional feature included in some homeowners insurance policies that pays the replacement cost of any personal property. ...

  • Marketable Title

    Title leaving no question as to who the owner is. It is the title which a reasonable buyer, knowledgeable of the facts and their legal implications and acting in a reasonable manner, would be willing to accept. A title insurance company should be retained to insure that the title is marketable. ...

  • Guardian

    Individual who is legally responsible for taking care of another individual (s) who is deemed to be incapable of managing his/her own affairs. For example, children under the age of majority are not assumed to be able to manage their own affairs. ...

  • Irrevocable Life Insurance Trust

    Estate planning device used so that any life insurance policies that are owned by and paid to the trust will avoid estate tax upon the death of the insured, and, upon the death of the insured's spouse, estate taxes will be avoided as well. The requirement of this trust are: it must be irrev ...

  • Lost-instrument Bond

    Indemnification bond under which a stock certificate holder who loses the original certificate will be issued a duplicate. The indemnity bond guarantees that if the original stock certificate is recovered, the holder will send it to the surety company, ...

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