Description: Lecture, three hours. Enforced requisite: course 277A. Continuation of course 277A. Concentrated study of law governing financing of land transactions from both national and California perspectives. Topics include California deed of trust, installment land contracts and other mortgaging substitutes, assignments of rents, receiverships, prepayment, foreclosure, priorities, California antideficiency legislation, impact of borrower bankruptcy on mortgage lenders, construction lending, future advances lending, and secondary market. Concurrently scheduled with Law 209. S/U or letter grading.

Units: 2.0