Land Transfer & Finance (CANCELLED) (LAW-671-001)
Assessment:In-class, closed book exam.
Real property financing has recently been a hot button topic, but it has long been a main-stay of the general practice of law and of the bar exam, in both its essay and multi-state portions. Your attention in Property during your first year of law school was directed at a few of the problems in the transfer of title to real property -- delivery of deeds, the recording acts, etc. This course expands that presentation to a discussion of the services and documents that lead to the financing of real property -- brokerage services, con¬tracts of sale, escrow agreements, title insurance, and (in great detail and most helpful to you on the bar exam) mortgages. Think of it as a course in secured transactions for real estate. It has 2 components: mortgages and investments. Like any transactions course, it is a blend of tort, contract, property, insurance, tax, and business association law.
Textbooks and Other Materials
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The required text is George Lefcoe, Real Estate Transactions (ISBN 978-1-4224-2986-0, Lexis Publishing 6th ed.). A recommended text is Barlow Burke, Real Estate Transactions: Examples and Explanations (ISBN 978-1-4548-1609-6, Wolters Kluwer Law & Business, 6th ed.). Both are texts, not casebooks.
First Class Readings
The first 4 assignments are Lefcoe, Ch. 1-2, 3, 5, 10 and Burke, pp. 3-48, 75-113, and 115-146.
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