Real Estate Finance

Catalog description

Fundamental aspects and legal problems of real estate financing are explored, such as absolute deed as a mortgage; remedies of mortgagees, including receivership, assignments of rents, possession; transfers of mortgagor's interest; transfer of mortgagee's interest; foreclosure by judicial proceedings and by power of sale; equitable and statutory redemption. When offered for three credits, the course also explores the law concerning leasehold financing, construction financing, purchase money mortgages, replacement and modification of senior mortgages and impact on junior lienors.