Overview

Designed to introduce the beginner lawyer, law clerk, paralegal, or legal assistant to the process of handling a residential real estate transaction in a modern law office. As with the first edition, the new edition by Mark W. Walma provides a thorough overview of all facets of a real estate transaction. Included are detailed instructions on title searching in the registry, land titles computerized title search systems; performing requisitions; handling mortgages and taxation issues; and understanding closing procedures. Added to the second edition are enlarged sections on condos and easements and a rewritten section on developing practices in electronic registration. Also added is an index.

A comprehensive but accessible resource, Mark Walma’s text provides an unparalleled and detailed snapshot of real estate practice on the cusp of revolutionary technological change.

Top ∧Content Summary

• The residential real estate transaction and the role of the lawyer and the law clerk
• The agreement of purchase and sale
• Registration of interests in land and the statutes that govern it
• Surveys, plans, and legal descriptions
• Controlling the division and use of land
• Title insurance and the real estate transaction
• The title search in the registry system
• Title search in land titles, LTCQ, and PDFR systems and using the POLARIS system
• Status of owner
• Off-title and other searches: Other statutes to be aware of
• Taxes affecting the transaction
• Requisitions and responses
• Documents for registration
• Documents of the transaction
• Charges/mortgages and default remedies
• New homes, condominiums, and co-operative housing units
• Closing and post-closing procedures
• Residential tenancies
• Glossary of Terms
• Index