About This Course:
This webinar provides a comprehensive overview of essential real estate loan documentation requirements, regulatory compliance issues, sound loan administration issues, and best practices. Also, all necessary pre-closing and closing real estate loan documents and requirements will be discussed with a focus on their purpose, use, timing, and legal aspects. Key points of concern from both a legal and credit viewpoint will also be discussed.
What You'll Learn:- Real estate lien notes
- Letters of Intent, Commitment Letters, and Loan Agreements
- Mortgages and Deeds of Trust
- Real property legal descriptions
- Purchase and sale agreements
- Appraisal requirements and regulatory guidelines
- Evaluations
- Surveys, title commitments, and title insurance
- Property and casualty insurance
- Deed restrictions and zoning
- Environmental risk assessments
- Flood insurance regulations
- Basic construction lending documentation
- Closing documentation
- Essential loan administration issues, loan agreements, and construction lending monitoring
- Key real estate bankruptcy concepts