This course provides an introduction to the vibrant field of real estate law and practice, with an emphasis on transactional planning for risk management. Real estate law remains anchored in ancient doctrines of land conveyancing, reflecting the historic importance of land as the most enduring foundation of human wealth; yet it is also situated on the frontiers of fragmented state and federal laws of mortgage foreclosure and defense, evolving forms of exchange and global finance, and vigorously contested regulatory policy. Real estate is also a fundamental aspect in solving societal concerns for the character of the built and social environment, including affordable housing, urban blight and renewal, vacant building reclamation, green building regulation, fair housing and lending, and equitable and sustainable development. Much of the course is presented through contemporary problems facing young lawyers in practice. These require application of multiple doctrinal elements, appreciation of the perspectives of the several participants (client, buyer, seller, lender, senior partner), and vigilance for one’s own professional and ethical duties. Students will analyze and understand the basic documents in purchase and sale of residential real estate, title insurance, loan commitments and mortgages. Students will then have the opportunity to apply these principles to their choice of an emerging area of practice: mortgage foreclosure defense, affordable housing land trusts, common interest communities, or green real estate lending/construction.
|546C (CRN: 26715) Credits: 3|
Spring, 2015 (Day).
Mon, Wed: 3:15-4:40
54 openings. (Limit 67). See course waitlist.