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Provided by: Lorman Education Services Real Estate Law From A to Z |
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- [Buy Now!]
Join us for this innovative seminar and get up to speed on the legal concepts related to real estate. Understand the intricacies of real estate transactions. Get a handle on complicated issues surrounding assessments and property taxation. Avoid problems down the road by protecting yourself and your company - find out exactly what the critical issues are and how to best handle them. You'll gain the practical insight you need to deal with any challenges that come your way, including tips on resolving problems at or prior to closing. Don't wait - register today to make sure you stay on the cutting edge of your field.
Benefits for You
- Efficiently solve survey and legal description problems
- Avoid common pitfalls by mastering tax issues
- Stay up to date on issues in HUD-1 Uniform Settlement Statement
- Take the headache out of dealing with contract considerations
- Find out how to solve problems arising at - or prior to - closing
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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
