LAW 681: Real Estate Transactions - fall

Prerequisite: LAW 530 & 531 or LAW 504

This course examines real estate market practices (including the roles of the principal players: the sellers, the purchaser-investor, the broker, the lawyer, the banker, the builder-contractor, the architect, and government); the legal transaction (negotiations, purchase agreement, contract of sale, deed and mortgage closings); financial aspects (interest, usury, descriptions, discount and points); security documents (mortgages, trust deeds, contracts and leases); techniques of conveyancing (deeds, title searches, abstracts and insurance, marketable title and recording); remedies (legal and equitable for breach and enforcement of performance. Students will draft or review several real estate documents including residential contract of sale, warranty deeds, surveys, title insurance commitments, promissory notes, deeds of trust and title examination.