Overview

This text introduces 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.

TopContent Summary

Acknowledgments
Introduction to the First Edition
Introduction to the Second Edition

• Chapter 1: The Residential Real Estate Transaction and the Role of the Lawyer and the Law Clerk
• Chapter 2: The Agreement of Purchase and Sale
• Chapter 3: Registrations of Interest in Land and the Statutes that Govern It
• Chapter 4: Surveys, Plans, and Legal Descriptions
• Chapter 5: Controlling the Divison and Use of Land
• Chapter 6: Title Insurance and the Real Estate Transaction
• Chapter 7: The Title Search in the Registry System
• Chapter 8: Title Search in Land Titles, LTCQ, and PDFR Systems and Using the Polaris System
• Chapter 9: Status of Owner
• Chapter 10: Off-Title and Other Searches: Other Statutes to Be Aware of
• Chapter 11: Taxes Affecting the Transaction
• Chapter 12: Requisitions and Responses
• Chapter 13: Documents for Registration
• Chapter 14: Documents of the Transaction
• Chapter 15: Charges/Mortgages and Default Remedies
• Chapter 16: New Homes, Condominiums, and Co-operative Housing Units
• Chapter 17: Closing and Post-Closing Procedures
• Chapter 18: Residential Tenancies

Glossary
Index