LAWS-6024 (3) Real Property Security

Examines basic mortgage law, including use of mortgage substitutes (e.g., deeds of trusts and installment land contracts). Covers foreclosure and redemption and related problems; special priority problems in land acquisitions and construction financing; special financing devices, including variable-interest and wraparound mortgages; and problems relating to the transfer of the mortgagor's and mortgagee's respective interests.