Residential real estate purchases may be the major investments in the lives of most clients. For attorneys who advise these clients, these transactions require a thorough knowledge of many essential documents, including agreements of sale, mortgages and notes, deeds, subdivision plans and more. This book is designed to provide you with up-to-date information on the fundamental documents and procedures involved in representing a buyer or seller of residential real estate.
Summary of Contents:
Agreements of Sale - Introduction; Modifying the Standard Agreement | Mortgages - - Types of Mortgages - Definitions; Types Mortgagors; Effect of Lien - Lien Priority; Discharge of Lien; Applicability of Act 6 (Loan Interest and Protection Law); Types of Mortgages; Types of Lenders; The Secondary Mortgage Market; Mortgage Regulations; Mortgage Process; Types of Mortgage Loans; Loan Documents; Right of Rescission. Regulation Z, 12 C.F.R. Section 226.23 | Deeds -- Indentures and Statutory Deeds; Fiduciary Deeds; Manner in Which Title Is Held; Types of Title; Delivery and Recording; Bases for Reforming or Setting Aside Deed; Construction; Appendix A: Electronic Recording; Appendix B: Modern Form Simple Deed | Subdivision Plans -- Subdivision Plans; Subdivision Plan Approval and Recording; Potential Issues with Subdivisions and Their Effect on Title; Case Law; Appendix Sample Loan Package
Number of Pages: 304