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