Real Estate Transactions

Catalog description

Examination of the typical provisions found in the legal documents that govern the transfer and financing of real estate and related legal issues with an emphasis on transactional drafting. Covers listing agreements, real estate sales contracts, deeds and deed covenants, title examination and title insurance, mortgage substitutes such as installment sale contracts, and mortgage agreements and deeds of trust. Concludes with an examination of the foreclosure process and alternatives to foreclosure. As part of a realistic real estate transaction simulation exercise represent either the buyer or the seller and negotiate and draft a real estate sales contract and related transactional document.