This text introduces 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.

Chapter 1: The Residential Real Estate Transaction and the Role of the Lawyer and the
Law Clerk
Chapter 2: The Agreement of Purchase and Sale
Chapter 3: Registrations of Interest in Land and the Statutes that Govern It
Chapter 4: Surveys, Plans, and Legal Descriptions
Chapter 5: Controlling the Divison and Use of Land
Chapter 6: Title Insurance and the Real Estate Transaction
Chapter 7: The Title Search in the Registry System
Chapter 8: Title Search in Land Titles, LTCQ, and PDFR Systems and Using the Polaris System
Chapter 9: Status of Owner
Chapter 10: Off-Title and Other Searches: Other Statutes to Be Aware of
Chapter 11: Taxes Affecting the Transaction
Chapter 12: Requisitions and Responses
Chapter 13: Documents for Registration
Chapter 14: Documents of the Transaction
Chapter 15: Charges/Mortgages and Default Remedies
Chapter 16: New Homes, Condominiums, and Co-operative Housing Units
Chapter 17: Closing and Post-Closing Procedures
Chapter 18: Residential Tenancies

Glossary
Index

Table of Contents

Intros

Erratum