PA Specific

Real Estate

4.13

Pennsylvania Real Estate Transaction Documents A-Z

Credits Available
Credit Status Total
New York CLE Approved 7 Total
Pennsylvania CLE Approved 6 Total
OnDemand
5 hours 54 minutes
Elizabeth Dupuis
Kerrianne Donovan
Angela Lack Kopchak
Peter Kogan
With Elizabeth A. Dupuis from Babst Calland + 3 others
Recorded March 20, 2024
Product ID 97972

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Overview

Purchase and Sale Agreements, Title Commitments, Loan Documentation, and More

Real estate transactions are document heavy. From the purchase and sale contract to closing documents, there's plenty to pore over - and plenty of things that can go wrong. Are you being thorough? This online seminar will teach you how to review, draft, and negotiate real estate transaction documentation so you can catch problems, keep transactions moving, and ensure clients get a solid deal. Protect your clients' interests - register today!

  • Learn how to effectively negotiate key sticking points of the purchase and sale agreement.
  • Discover how to spot issues in legal descriptions and surveys.
  • Take a close look at the title commitment and exception documents.
  • Prepare corrective documents to cure title defects and establish a proper chain of title.
  • Review key provisions (and pitfalls) of real estate loan documentation.
  • Avoid last-minute issues with a careful review of closing documentation.

Abbreviated Agenda

  1. Letters of Intent and Purchase and Sale Agreements
  2. Legal Ethics of Real Estate Transactions
  3. Loan Documents: Sample Walkthroughs
  4. Legal Descriptions and Land Surveys: Reading and Issue Spotting
  5. Reviewing Title Commitments and Preparing Curative Documents
  6. Spotting Red Flags in Appraisal Reports, Leases, Environmental Reports, and More
  7. Complete Closing Checklists and Documentation

Related Topics

Product ID 97972

Credit Details

Credits Available
Credit Status Total
New York CLE Approved 7 Total
Pennsylvania CLE Approved 6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Letters of Intent and Purchase and Sale Agreements

    1. Letters of Intent: Binding and Nonbinding
    2. Purchase Agreements vs. Land Contracts vs. Option Agreements
    3. Laying Out the Parties and Property Description
    4. Establishing Purchase Price, Payment, and Deposit
    5. Handling Contingency Clauses
    6. Negotiating Representations and Warranties
    7. Drafting Covenants and Conditions
    8. Indemnities for Buyers and Sellers
    9. Negotiating Default, Termination, and Remedies
    10. Sample PSA and Ancillary Documents

  2. Legal Ethics of Real Estate Transactions

    1. Conflicts of Interest
    2. Client Confidentiality
    3. Disclosure of Defects
    4. Attorney Fees
    5. Trust Account Ethics
    6. Document Retention and Recordkeeping

  3. Loan Documents: Sample Walkthroughs

    1. The Loan Application
    2. Reviewing Term Sheets and Commitment Letters
    3. Loan Documents: Reviewing & Negotiating Key Provisions
      1. Promissory Note
      2. The Loan Commitment
      3. Security Instrument
      4. Assignment of Leases and Rents
      5. UCC-1 Financing Statements
      6. Guaranty Agreement
      7. Environmental Indemnity Agreement and More

  4. Legal Descriptions and Land Surveys: Reading and Issue Spotting

    1. Dissecting Legal Descriptions
    2. Review of Sample Legal Descriptions
    3. How to Plot Legal Descriptions
    4. Applying State and ALTA/NSPS Standards
    5. Reading and Interpreting Surveys
    6. Sample Survey Review
    7. Reading Land Surveys and Legal Descriptions Together

  5. Reviewing Title Commitments and Preparing Curative Documents

    1. The Title Search and Examination
    2. Reviewing the Title Commitment
    3. Examining Exception Documents
    4. Title and Survey Objection Letters
    5. Negotiating Removal of Title Exceptions
    6. Using Corrective Deeds and Affidavits
    7. Drafting Easement and Boundary Line Agreements
    8. Preparing Releases of Liens

  6. Spotting Red Flags in Appraisal Reports, Leases, Environmental Reports, and More

    1. Appraisal Reports
    2. Property Condition and Capital Needs Assessment
    3. Environmental Site Assessments
    4. Analyzing Leases and Other Documents During Due Diligence

  7. Complete Closing Checklists and Documentation

    1. Creating a Comprehensive Closing Checklist
    2. Reviewing and Fulfilling Escrow Instructions
    3. Examining the Closing Disclosure
    4. Real Estate Closing Documents
    5. Documents Needed for a 1031 Exchange
    6. Recording the Deed
    7. Recording Taxes - The Real Estate Transfer Tax Return

Who Should Attend

This basic level online seminar is designed for attorneys. Real estate professionals, title insurance agents, lenders, and paralegals may also benefit.

Speakers

Elizabeth A Dupuis
Elizabeth A.
Dupuis
Babst Calland
Kerrianne A Donovan
Kerrianne A.
Donovan
Bowles Rice LLP
Angela Lack Kopchak
Angela
Lack Kopchak
Angela J. Lack, P.L.L.C.
Peter L Kogan
Peter L.
Kogan
Reed Smith LLP
Speaker bio
Elizabeth A Dupuis

Elizabeth A. Dupuis

Babst Calland
Elizabeth Dupuis

is a managing shareholder of the State College office of Babst Calland, where her practice is focused upon residential and commercial real estate transactions, business planning and formation, commercial and contract litigation, estate planning and administration, and commercial development. Ms. Dupuis also serves as solicitor for Patton and Ferguson Townships in Centre County, as well as Centre County. She is a licensed title agent in Pennsylvania and conducts residential and commercial real estate closings through MidState Closing Company, an affiliate of Babst Calland. Ms. Dupuis is a member of the Centre County, Pennsylvania and American bar associations. She is admitted to practice before the United States District Court for the Western and Middle districts of Pennsylvania and the Third Circuit Court of Appeals. Ms. Dupuis earned her B.S. degree from Pennsylvania State University and her J.D. degree from the University of Pittsburgh.

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Speaker bio
Kerrianne A Donovan

Kerrianne A. Donovan

Bowles Rice LLP
Kerrianne Donovan

is a licensed title agent for Pennsylvania and West Virginia for the law firm of Bowles Rice LLP in its Canonsburg, Pennsylvania (Southpointe) office. She has broad experience in the sale and acquisition of real property that involves residential, commercial, and industrial properties; new developments; vacant land and subdivisions and like-kind exchanges; including title examination, clearing title, corporate due diligence, closing and settlement. Ms. Donovan specializes in new construction transactions and Pennsylvania property tax analysis, including interim taxes. She routinely handles title insurance for transactions in Pennsylvania and West Virginia, and collaborates with national and regional developers, builders, and lenders. Ms. Donovan received her associate degree from Douglas School of Business, and a certificate in paralegal studies from Boston University-Metropolitan College.

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Speaker bio
Angela Lack Kopchak

Angela Lack Kopchak

Angela J. Lack, P.L.L.C.
Angela Lack Kopchak

is an attorney with Angela J. Lack, P.L.L.C., where she practices in estate planning, contracts, business entity formation, and civil litigation. She is admitted to practice in Pennsylvania, New Jersey, Texas and Florida. Ms. Kopchak earned her undergraduate degree from Florida State University and her M.B.A., J.D. and LL.M. degrees from Stetson University.

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Speaker bio
Peter L Kogan

Peter L. Kogan

Reed Smith LLP
Peter Kogan

is counsel in the real estate group of the law firm of Reed Smith LLP. He represents clients in all major aspects of transactional real estate law, including property acquisition and disposition, land use and development, leasing and subleasing, and real estate finance and entity structuring. Mr. Kogan's clients have included large global retailers, professional sports franchises, hotel and restaurant developers, major industrial and manufacturing businesses, software and information technology companies, entities engaged in commercial transportation and waste disposal, and owners of retail and other properties. He focuses his practice on complex transactions involving the multi-purpose development and redevelopment of large-scale properties in Western Pennsylvania and elsewhere, which frequently include extensive and innovative arrangements with public and quasi-public agencies for the use of former industrial, commercial and institutional sites. In connection with such transactions, Mr. Kogan has assisted clients in securing public-private financing, and entering into partnership and development agreements governing the use and development of brownfield and grayfield sites. He has lectured extensively on issues of real estate law and commercial development in Western Pennsylvania. Mr. Kogan earned his B.A. degree from the University of Michigan and his J.D. degree, with honors, from Emory University School of Law.

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Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
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