Fall 2009 Course Schedule

Land Transfer and Finance (LAW-671-001)
Burke, Mark

Meets: 08:30 AM - 09:50 AM (TTH) - Room 601

Enrolled: 10 / Limit: 35

Administrator Access


Notices

There are no notices at this time.

Description

Examines the real estate transaction and conveyancing process; real estate brokers and listing agreements, tort and contract liabilities, fiduciary duties, and entitlement to commissions; the Statute of Frauds; contracts of sale; down payments and deposits, contingency clauses, risk of loss provisions, time for performance, attorney review clauses, marketable title provisions, and contract remedies; deeds: short- and long-form deeds, legal descriptions, canons of construction, and title covenants and warranties; escrows: agreements and instructions, procedures, and agency duties; title assurance: title searches, recordings acts, abstractors' certificates, title insurance policies, state statutes promoting the marketability of titles, curative statutes, and Torrens Acts. Also examines mortgages, deeds of trust, and land finance: the loan underwriting and appraisal process, loan commitments, the secondary market for mortgages, alternative mortgage instruments, and mortgage substitutes; mortgage notes: prepayment covenants, transfer of the note and mortgage; defaults and acceleration of debt; the right to reinstate and redeem the debt, receivers and other pre-foreclosure, real estate bankruptcies, loan workouts, and the environmental law aspects of real estate transfer and finance.

Textbooks and Other Materials

The textbook information on this page was provided by the instructor. Students should use this information when considering purchases from the AU Campus Store or other vendors. Students may check to determine if books are currently available for purchase online.

First Class Readings

Not available at this time.