REAL ESTATE FINANCE
8/18/04 Introduction
8/19/04 The exam, outline of the typical transaction, role of the lawyer, the listing agreement
8/20/04 When is the commission earned? Drake v. Hosley, a problem on liability for commission, who does the broker represent?
8/25/04 Statute of frauds, Shelton v. Williamson, part performance, Roundy v. Waner
8/26/04 Buyers remedies, sellers remedies, Donovan v. Bachstadt
8/27/04 Specific performance, Centex Homes v. Boag, Mahoney v. Tingley
9/1/04 Equitable conversion, Uniform Vendor and Purchaser Act, Fulton v. Duro, insurance and equitable conversion, real estate finance
9/2/04 More on amortization, structuring the transaction, Schrader v. Benton
9/3/04 More on Schrader v. Benton, historical development of the mortgage, equity of redemption, mortgage foreclosures, mortgage substitutes
9/9/04 Title assurance, the three types of deeds, warranties of title, general warranty deed, Brown v. Lober, the Recording Acts
9/10/04 More on the Recording Acts, three types of recording statutes, interests outside the Recording Acts, recording defects
9/15/04 Notice, how the Recording Acts work, how to do a title search, wild deed problems
9/17/04 Title insurance, problems on Note 6, p. 242, theories of mortgages, the title theory of mortgage, the lien theory of mortgage, intermediate states
9/22/04 The balance of bargaining power, hypotheticals, the effect of mortgages on lease obligations, Dover Mobile Estates v. Fiber Form Products, Inc.
9/23/04 More on leases, lenders evaluation of leases, subordination, nondisturbance and attornment, assignment of rents
9/24/04 More on assignment of rents, In the Matter of Millette, receivership Dart v. Western Savings & Loan Association
9/29/04 Waste Prudential Insurance Company of America v. Spencers Kenosha Bowl, Inc., a problem
9/30/04 Environmental liability CERCLA, hypotheticals, Edwards v. First National Bank of North East
10/1/04 Fire insurance and eminent domain awards Starkman v. Sigmond
10/13/04 Transfers by the mortgagor, legal effect of assumption, mortgagors recourse against mortgagee
10/14/04 Legal effect of assumption continued
10/21/04 The secondary mortgage market, transfers by the mortgagee
10/22/04 Negotiable instruments and holder in due course
10/28/04 Prepayment, Metropolitan Life Insurance Co. v. Promenade Towers Mutual Housing Corp., Fleet Bank of Massachusetts, N.A. v. One-O-Six Realty, Inc., merger
10/29/04 Deed in lieu of foreclosure
11/5/04 Foreclosure, judicial foreclosure
11/10/04 The omitted junior mortgagee (not really there)
11/17/04 (Late and unprepared)
11/19/04 Antideficiency legislation
12/3/04 The last one