In this course, we will cover the following topcis:
1. The various forms of real estate ownership, including fee simple, tenancy in common, and joint tenancy
2. The mechanics of finding, financing, and closing a real estate transaction, and
3. How adverse possession may sometimes vest title in real property, despite the non-consent of the owner
This course follows the steps taken when real estate is transferred by sale.
During this process, the buyer and seller enter into a series of contracts with each other, and with third parties such as brokers, lenders, and insurance companies.
In this course, we focus on the unique features of these contracts, with the exception of mortgages and property insurance.
We conclude by briefly examining adverse possession, a method of acquiring property for free.