Modern Real Estate Finance and Land Transfer—sophisticated, yet teachable—explains the increasingly complex legal, business, and tax issues surrounding real estate transactions with discussion relevant to both commercial and residential situations. Through a transactional and interdisciplinary approach, students learn the general rules of law, their underlying rationale or policy, and how (or whether) a rule can be superseded by the mutual consent. Real-world examples help foster practical skills required of attorneys in real estate firms, and the text is appropriate for both a basic Real Estate Transactions or Finance course and also advanced seminars. Topical and chronological organization features coverage of both Real Estate Sales and Real Estate Finance and follows the lending cycle in modern financing. Questions and planning problems help students examine issues in the context of relevant transactions and documents for sale, finance, leasing, and development transactions. The authors are scholar-practitioners who skillfully mix practical skills and theory students will need in today’s competitive legal markets.

Key Features:

• sophisticated, yet teachable—thoroughly explains complex legal, business, and tax issues in real estate transactions
• transactional, interdisciplinary approach
  • teaches the general rules of law
  • shows underlying rationale or policy
  • explores how (or whether) a rule can be superseded by mutual consent
• real-world examples and accessible explanations
• topical and chronological organization
  • coverage of both Real Estate Sales and Real Estate Finance
  • follows lending cycle in modern real estate financing
• appropriate for both basic Real Estate Transactions or Finance course and advanced seminars
• relevant questions and planning problems
• written by scholar-practitioners who blend practical skills with theory
• suited to both commercial and residential real estate transactions

Thoroughly updated, the revised Sixth Edition presents changes in the law since 2013, including:

• case law responses to the recent mortgage crisis in residential real estate including lender refusals to fund committed construction loans
• new case law involving nonrecourse carve-outs
• a new section and cases on recourse against and protection of the guarantor, and ethical issues in guarantor representation
• new developments in bankruptcy law involving real estate transactions