Real Estate, Title & Finance | L47xx
This is a class that will prepare a student for representation of an investor, a small business or a lender in the title and finance aspects of a real estate transaction. These are central to the due diligence that must be conducted in any deal. We will cover in some depth the cases and materials that used to be covered in a second semester of basic property law, and which are frequently covered in state bar exams. We will match that with hands on practice in dealing with title insurance commitments and policies, searches in the online records of our local clerk and recorders, written critiques of mortgage loan documents, and practice legal arguments on select lien priority issues that frequently end up as title insurance claims or litigated cases.
We cover the use of title insurance to achieve assurance of good title, and we study the kinds of encumbrances to title that always are presented liens and mortgages, easements, and covenants. We then look in some detail at the mortgage finance system, the foreclosure system, and government regulation of the mortgage markets.
Credit Hours: 3
ULW: This course does not satisfy the Upper Level Writing requirement (ULW)