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This work presents a thorough overview of the law of real estate finance. It covers introductory matters, the mortgage market, real estate financing devices, the underlying obligation, mortgaged property, and transfer of both the mortgagor's interest and the mortgagee's interest. In addition, the volume treats rights and obligations after default and before foreclosure, priorities, foreclosure, and financing cooperatives and condominiums. The text also addresses reform. Legal principles are stated along with their underlying theories to enhance understanding of the law of real estate finance.