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.

Thursday, October 30. 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).

Here are powerpoint slides to accompany the material on Leases and Assignments of Leases and Rents and Leases and Subordination Agreements. 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

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.

Wednesday, October 29. Assignment #20, pages 358-392 (Assignments of Rents and Leases; Collection of Rents; Priority in Rents)

Thursday, October 30. Assignment #21, pages 392-404 and Shubh Hotels Boca v. FDIC (Receiverships)

Monday, November 3. Complete Assignment #21, then begin Assignment #22 (pages 404-412, Waste)

Tuesday, November 4. Complete Assignment #22, begin Assignment #23 (pages 424-446, Insurance, Taxes, and Escrows for Insurance/Taxes)

Wednesday, November 5. Complete Assignment #23, then begin Assignment #24 (pages 447-483, Transfers by the Mortgagor, Due-on-Sale Clauses, and the Garn-St. Germain Act)

Thursday, November 6. Assignment #24.