Real Estate Finance Law (Hornbooks)

This treatise provides current, expert coverage on the law of mortgages, including the mortgagor-mortgagee relationship prior to foreclosure; mortgage substitutes; transfers by the mortgagor; transfers by the mortgagee; payment and prepayment; the foreclosure process; deficiency judgments and anti-deficiency regulation; priority issues; governmental intervention in the mortgage market; and financing real estate construction.

The Sixth Edition provides a comprehensive update of relevant case law, legislation, and regulation since publication of the Fifth Edition in 2007. This update includes:

• A thorough and up-to-date revision of the material on judicial and nonjudicial foreclosure
• New material on “short sales” and “loss mitigation”
• A comprehensive revision of the material on securitization and the ownership, transfer, and enforcement of securitized mortgage loans
• A comprehensive revision of materials on governmental intervention in the mortgage market, including new material on the impacts of the Dodd-Frank Act
• Discussion of recent cases and theories on the application of the “disparate impact” test in racially discriminatory mortgage lending
• A thorough and functional restructuring of the material on bankruptcy law and its impact on mortgagees in Chapters 7, 11, 12 and 13 proceedings
• Comprehensive discussion of recent judicial authority on priority issues