explanations combine with straightforward examples in an integrated approach to explaining market and ethical constraints for the transactional real estate lawyer. Detailed text explains basic elements and market factors involved in each area of law. Cases are carefully chosen to illustrate key points of commercial and residential real estate and the way in which problems arise in practice. Ethical and professional responsibility issues are highlighted, helping students to see professional ethics in a real-world context. Excellent problems increase in difficulty with each section. Instructors have access to an extensive Teacher s Manual, with a set of problems and answers to casebook problems as well as transactional documents with samples of contracts, mortgages, leases, and title insurance policies. The heavily revised Fourth Edition introduces new text and problems dealing with the collapse of the U.S. housing bubble, toxic mortgages, and other issues concerning lending standards and the securitization of mortgage loans. New discussion of the residential foreclosure crisis includes reforms such as the regulation of foreclosure rescue firms and issues concerning short sales and the role of MERS. New problems focus on emerging issues, and new and updated cases appear throughout the book. Features: concise and efficient--can be taught from cover to cover in a 3 credit hour course clear explanations with straightforward examples an integrated approach to explaining market and ethical constraints for the transactional real estate lawyer detailed text explains basic elements and market factors in each area of law excellent problems that increase in difficulty with each section cases illustrate key points of commercial and residential real estate and the way in which problems arise in practice cases and materials highlight ethical and professional responsibility issues in a real-world context a set of problems answers to casebook problems transactional documents samples of contracts, mortgages, leases, and title insurance policies Thoroughly updated, the revised Fourth Edition presents: new text, cases, and problems the collapse of the U.S. housing bubble toxic mortgages issues concerning lending standards and the securitization of mortgage loans the residential foreclosure crisis reforms such as the regulation of foreclosure rescue firms issues concerning short sales and the role of MERS

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