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Provided by: Lorman Education Services Real Estate Law From A to Z |
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8:00 am - 8:30 am Registration
8:30 am - 10:00 am Overview of Legal Concepts
- Jefferson J. Moss Jr.
- Ownership Interest
- Fee Simple Ownership, Naked Ownership and Community Property Ownership
- Usufruct
- Bond for Deed and Quitclaim Deed
- Servitudes, Leases and Successions
10:00 am - 10:10 am Break
10:10 am - 12:00 pm Overview of Legal Concepts (Continued)
- Jefferson J. Moss Jr.
- Easements and Other Encumbrances
- Easements and Servitudes
- Condominiums, Planned Unit Developments and Subdivisions
- Surveys and Legal Descriptions
- Purpose
- Types of Surveys: Rural Property Surveys and Urban Property Surveys
- Deeds and the Recording Process
- Cash Sale, Mortgage, and Sale and Mortgage
- Quit Claim Deed, Bond for Deed and Sheriff Deeds
- Power of Attorney and Recording Process
Real Estate Transactions
- Jefferson J. Moss Jr.
- Contracts
- Contract to Buy and Sell
- Cash Sale, Mortgage, Abandoned Property Sales and Other Types of Real Estate Contracts
- Closing the Real Estate Transaction
- Documents in Mortgage Package, Closing Statements and Other Documents at Closing
12:00 pm - 1:00 pm Lunch (On Your Own)
1:00 pm - 1:30 pm Tax Issues
- Jefferson J. Moss Jr.
- Assessments and Property Taxation
- Tax Assessors and Other Tax Authorities
- Tax Implications of Real Estate Transactions
- Common Tax-Related Questions
- Tax Structured Transactions
1:30 pm - 2:20 pm HUD-1 Uniform Settlement Statement
- Carol A. Newman
- Heading
- Commissions
- 800s - Lender's Fees
- 900s - Required to Be Paid in Advance
- 1000s - Reserves
- 1100s - Title Charges
- 1200s - Government Recording and Transfer Charges
- 1300s - Miscellaneous
- 100s, 200s and 300s - Summary of Borrower's Transaction
- 400s, 500s and 600s - Summary of Seller's Transaction
2:20 pm - 2:30 pm Break
2:30 pm - 3:30 pm Problems Arising at (or Prior to) Closing and How to Resolve Them
- Carol A. Newman
- Sources of Title Information
- Establishing a Chain of Title
- Time Periods for Search
- Searching by Location and by Name; Searching and Examining Public Records
3:30 pm - 4:30 pm Panel Discussion
- Jefferson J. Moss Jr. and Carol A. Newman

