Real Estate Transactions Skills

This course will be a hands-on approach to real estate transactions including: residential and commercial real estate closings, title search review, and the lien and foreclosure process. This will include preparation of the real estate contract for purchase and sale, including analysis of the FARBAR Contract and As-Is Contract; practical review of online searches to include entity searches, public records searches and property tax searches. Closing documentation, including various real estate documentation to handle individual and entities in the role of the buyer or seller, to include resolutions and defining the parties and their authority. We will also explore contract remedies, allocating title risk by contract and deed, land descriptions, and title products. The financing options will be explored and preparation of loan documentation such as promissory note, mortgage and other loan documents. The foreclosure process will be reviewed with preparation of pleadings, complaint, lis pendens, and receivership pleadings. Samples will be provided and analyzed to fit the factual scenarios as analyzed in the classroom.