This is the webpage for Professor Freyermuth's Fall Semester 2014 Real Estate Transactions and Finance course. The text for the course is Nelson, Whitman, Burkhart & Freyermuth, Real Estate Transfer, Finance, and Development: Cases and Materials (8th ed. West). Classes meet this semester on Monday, Tuesday, Wednesday, and Thursday from 8:00 a.m. to 8:50 a.m. in Classroom 6.

Current Announcements

Class Assignments

Click here for the Syllabus for the course.

Sunday, November 30. As promised, here are some sample short answer/short essay questions and sample multiple choice questions used on prior exams. I'll have a Q&A session on Friday, Dec. 5, at 9:00 am in Room 6.

Here are the slides to accompany Steve Bartels' talk during class on Monday, November 17.

Here is a link to a copy of a new report by the General Accounting Office, "Housing Finance System: A Proposal for Assessing Potential Changes." The report is VERY long, but I'm forwarding it to you primarily for the background introduction on pages 9-27 of the PDF (pages 3-21 of the Report), which is a very useful and accessible background introduction to the residential mortgage market, and which would be a useful supplement to the reading (in fact, we'll probably excerpt sections of the Report in the next edition of the casebook).

Thursday, December 4. Here are powerpoint slides to accompany the material on Equitable Mortgages/Installment Contracts, Purchase Money Priority, Modification/Refinancing, and Future Advances/Mechanics' Liens. Previous presentations:

Statute of frauds (August 25-26)
Marketable title (August 27-28) [CORRECTED September 8]
Time of performance, tender, and equitable conversion (September 2-4)
Condition of the Property (September 8-10)
Financing Contingencies (September 10-11)
Remedies (September 11-16)
Deeds, Delivery, Escrow (Sept. 17-23)
Deed Covenants
Recording Systems and Title Search
Title Insurance
Fannie/Freddie Uniform Instruments
Default and Acceleration
Judicial Foreclosure
Nonjudicial Foreclosure
Redemption, Statutory Redemption, and Deficiency Judgments
Deeds in Lieu of Foreclosure and Short Sales
Leases and Assignments of Leases and Rents
Leases and Subordination Agreements
Insurance/Real Estate Taxes
Transfers by the Mortgagor
Due-on-Sale Clauses

Tuesday, October 21: Here's a question/answer memo that (I think) includes all of the questions I got about the Fannie/Freddie Uniform Instruments, and which also includes some questions posed by students in last year's Real Estate Finance course, along with my answers. If you review the memo and either (a) I didn't answer your question at all, or (b) you don't understand my answer or have a follow-up question, please let me know and I'll update the memo accordingly.

Prior assignments are archived via the Assignments link.

Tuesday, November 18. Assignment #26 (Transfer of the Mortgagee's Interest; Securitization)

Wednesday, November 19. Complete Assignment #26, then begin Assignment #27 (pages 272-287 and pages 294-330) (Equitable Mortgages and Installment Land Contracts)

Thursday, November 20. Assignment #27.

November 24-28. Thanksgiving Break. No Class Meetings

Monday, December 1. Complete Assignment #27, begin Assignment #28 (pages 843-849 and 863-879) (Purchase Money Priority; Replacement/Modification of Senior Mortgages; Equitable Subrogation)

Tuesday, December 2. Assignment #28

Wednesday, December 3. Assignment #29 (pages 856-863 and 1006-1025) (Mechanics' Liens; Dragnet Clauses; Future Advances)

Thursday, December 4. Assignment #29.