Understanding Modern Real Estate Transactions
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This Understanding treatise explains clearly and succinctly the myriad issues that arise and require discussion in advanced real estate courses. The author focuses on the typical chronology of a residential real estate transaction, from the date the seller decides to sell the real estate by listing it with a broker, to the date the transaction is completed and the deed of sale is recorded in the applicable recorder's office. Students are thus easily able to access any issue that would confront the real estate student or practitioner.
Although the initial focus is on a residential real estate transaction, Understanding Modern Real Estate Transactions also addresses issues applicable to commercial real estate transactions. This treatise also provides case analysis, focusing on the cases that appear in the most prominent and widely used texts for modern real estate. Numerous simple hypotheticals throughout the text explain the more complicated theories and rules.
The Third Edition includes expanded treatment of issues leading up to and arising from the real estate crisis, including the securitization of mortgages, the importance of the holder-in-due course, predatory lending, and foreclosures in a post-crash world.
Loaded with practical tips from a noted expert in real estate transactions, this treatise is beneficial for the neophyte and expert alike, providing insight on the issues likely to appear on exams from the professor's perspective. It is a must read for anyone interested in learning about real estate for the first time or anyone preparing for an exam in an advanced real estate course, including the bar exam.
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Table of Contents
Part I: The Basic Residential Real Estate Transaction
Chapter 1 The Parties to the Transaction
Chapter 2 Broker-Vendor Agreements
Chapter 3 The Real Estate Purchase and Sale Contract
Chapter 4 The Closing
Chapter 5 Breach of the Purchase and Sale Contract
Chapter 6 Financing the Transaction
Chapter 7 Voluntary Transfers of the Mortgage by the Mortgagee: The Securitization of Mortgages
Chapter 8 Predatory Lending and the Issues Raised Thereby
Chapter 9 Voluntary Transfers of Mortgaged Property
Chapter 10 Involuntary Transfers of Mortgaged Property
Chapter 11 Limitations on Foreclosure: Statutory Redemption and Deficiency Judgments
Chapter 12 Bankruptcy
Chapter 13 Private Techniques of Title Guarantee
Chapter 14 Public Techniques of Title Guarantee
Chapter 15 Forms of Communal Ownership and Homeowners' Association
Part II: The Basic Commercial Real Estate Transaction
Chapter 16 Financing
Chapter 17 Long-Term Leases