This course examines the legal issues involved in the transfer, finance, and development of real property. The course will introduce students to the various mechanisms of land transfer and recording regimens. It will also examine various financing mechanisms, such as mortgages and mortgage substitutes, installment land contracts, rights upon default and before foreclosure, and transfers of the lender's interests. Students will learn about the rights of the parties in a foreclosure, foreclosure proceedings, and the priorities of creditors in foreclosure.
Text: Nelson & Whitman, Real Estate Transfer, Finance and Development (West Group, Most recent edition).
Lecture and Discussion.
|Type of Exam||
Three complicated but humorous essay questions.
|Basis for grading||
This class will begin meeting on Wednesday, September 7. For the first four weeks the class meets, it will meet on MWF to make up the four classes missed in August and early September.
Beginning the week of October 3, classes will meet on M and W only.