IN Specific

Real Estate

4.55

Indiana Real Estate Transaction Documents A-Z

Credits Available

There is no credit available on this course.
OnDemand
5 hours 55 minutes
Norman Newman
Seth Zirkle
Michael Carmin
Joseph Calderon
With Norman R. Newman from Taft Stettinius & Hollister LLP + 3 others
Recorded December 02, 2024
Product ID 99340

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

Related Topics

Product ID 99340

Credit Details

Credits Available

There is no credit available on this course.
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Agenda

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  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. 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

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

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

  4. 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

  5. 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
    5. Zoning Reports with Appraisal Reports

  6. 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

  7. Legal Ethics of Real Estate Transactions

    1. Conflicts of Interest in Real Estate Transactions, Especially When Wearing Multiple Hats
    2. Compensation: Attorney's Fees — How and When Fee is Earned
    3. Client Confidentiality
    4. Disclosure of Defects in Property.
    5. Ethics Opinions on Transactional Matters

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

Norman R Newman
Norman R.
Newman
Taft Stettinius & Hollister LLP
Seth B Zirkle
Seth B.
Zirkle
Kahn, Dees, Donovan & Kahn, LLP
Michael L Carmin
Michael L.
Carmin
Paganelli Law Group
Joseph D Calderon
Joseph D.
Calderon
Barnes & Thornburg LLP
Speaker bio
Norman R Newman

Norman R. Newman

Taft Stettinius & Hollister LLP
Norman Newman

is senior counsel in the Indianapolis office of Taft Stettinius & Hollister LLP, practicing within the firm's real estate practice group. He is a fellow of the American College of Real Estate Lawyers. Mr. Newman earned his J.D. degree, with distinction, from the Indiana University McKinney School of Law and is now an adjunct professor there.

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Speaker bio
Seth B Zirkle

Seth B. Zirkle

Kahn, Dees, Donovan & Kahn, LLP
Seth Zirkle

is a partner with Kahn, Dees, Donovan & Kahn, LLP, where his practice focuses on all aspects of real estate, business, banking, and construction matters. Mr. Zirkle brings a wealth of experience in counseling clients on creative, and yet practical and successful solutions navigating perplexing issues to garner the best outcome. His passion for his practice is built on more than a decade of representing clients as diverse as Midwest commercial property managers, Mid-South affordable housing developers, the U.S. General Services Administration, public housing authorities, and closely-held family businesses. Mr. Zirkle earned his J.D. degree from the Indiana University Robert H. McKinney School of Law and his undergraduate degree from Wabash College.

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Speaker bio
Michael L Carmin

Michael L. Carmin

Paganelli Law Group
Michael Carmin

is with Paganelli Law Group, where he practices in the areas of business and real estate law, zoning, land use, and real estate title insurance. He is active in local governmental affairs on behalf of various interest groups on land use and zoning policies of Monroe County and the city of Bloomington. Mr. Carmin is a member of the Monroe County and Indiana State bar associations, American Land Title Association and Indiana Land Title Association. He earned his B.A. degree from Indiana University and his J.D. degree from Indiana University School of Law.

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Speaker bio
Joseph D Calderon

Joseph D. Calderon

Barnes & Thornburg LLP
Joseph Calderon

is a partner in the Indianapolis office of Barnes & Thornburg LLP. He advises on and manages zoning, development, leasing and real property tax issues, having handled hundreds of zoning cases, property tax assessment appeals and real estate transactions. Because he offers a comprehensive understanding of the real estate industry and real property and zoning law, Mr. Calderon is able to establish immediate credibility with deal constituents. He earned his B.S. degree from Indiana University and his J.D. degree from Indiana University Robert H. McKinney School of Law. Mr. Calderon is the chair of the Indiana State Bar Association's Land Use and Zoning Section and a member of the Indianapolis Bar Association's Real Estate and Land Use Section Executive Committee.

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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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