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Course Description

Real estate is expensive. Financing transactions usually involves borrowing from lenders and other investors, and obtaining financing is rarely simple. Once financing has been secured, it means that multiple parties have a financial interest in the property. And if agreements aren’t adhered to, these interests can become claims against the property.

There are also legal ways parties can declare interest in a property. When properly filed, courts, mechanics, and lenders can claim a lien against a property to record an unsatisfied debt. When an owner sells the property or if they fail to meet their financial obligations, the property can be foreclosed to satisfy the debt. The ensuing process can be complicated and emotionally taxing.

In this course, you will analyze the residential and commercial mortgage lending processes. Along the way, you will examine loan terms, such as underwriting, commitment, and promissory note, and assess the role they play in the process. You will also consider the essential responsibilities of the borrower and the lender. You will then explore different types of liens and the critical concept of lien priority in real estate, along with the resulting effects on owners, lenders, and investors. Based on these concepts, you will evaluate the foreclosure process and assess how debts are settled when foreclosure occurs. Through successful completion of this course, you will gain the ability to navigate and communicate about the mortgage process, lien priority, and the foreclosure process.

Faculty Author

Adam Klausner

Benefits to the Learner

  • Analyze the mortgage lending process
  • Assess lien priority
  • Evaluate the foreclosure process to determine how debt is satisfied

Target Audience

  • Real estate developers, funds, REITS, and advisory firms
  • Real estate asset managers, property managers, and project managers
  • Commercial leasing agents
  • Professionals involved with real estate financing and investments
  • Real estate brokers
  • Anyone who owns real estate

Accrediting Associations

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
2 week
Dates
May 15, 2024 to May 28, 2024
Total Number of Hours
16.0
Course Fee(s)
Contract Fee $100.00
Section Notes

IMPORTANT COURSE INFORMATION

  • To get the most out of your experience, it is recommended that you begin Real Estate Law with the first course in the series: REa; Estate Omterests amd Entities.
Type
2 week
Dates
Jul 24, 2024 to Aug 06, 2024
Total Number of Hours
16.0
Course Fee(s)
Contract Fee $100.00
Section Notes

IMPORTANT COURSE INFORMATION

  • To get the most out of your experience, it is recommended that you begin Real Estate Law with the first course in the series: REa; Estate Omterests amd Entities.
Type
2 week
Dates
Oct 02, 2024 to Oct 15, 2024
Total Number of Hours
16.0
Course Fee(s)
Contract Fee $100.00
Section Notes

IMPORTANT COURSE INFORMATION

  • To get the most out of your experience, it is recommended that you begin Real Estate Law with the first course in the series: REa; Estate Omterests amd Entities.
Type
2 week
Dates
Dec 11, 2024 to Dec 24, 2024
Total Number of Hours
16.0
Course Fee(s)
Contract Fee $100.00
Section Notes

IMPORTANT COURSE INFORMATION

  • To get the most out of your experience, it is recommended that you begin Real Estate Law with the first course in the series: REa; Estate Omterests amd Entities.
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