18VAC35-20-660: Modern land finance

Methods by which an obligation may be secured by real property of the obligor or of a third person. Covers the common-law principles and statutes that regulate the creation, operation, and extinguishment of the legal relations known as the real property mortgage and deed of trust, considered in the context of financing the purchase or development of land. Includes a review of commercial leases and land leases. Some attention may be given to principles governing operation of the lending industry.