Product Description

Recent updates:

• Update: December 2021

  Dear Subscriber:

  Thank you for choosing to update your practice resource library with the 2021 supplement to A Practical Guide to Residential Real Estate Transactions and Foreclosures in Vermont. We at MCLE │ New England appreciate the opportunity to bring you fresh information to assist in your practice.

  Highlights of just some of the materials in this update include

  • information on remote notarization authorized in light of the ongoing COVID-19 pandemic (see chapters 1 and 7);

  • new materials on enhanced life estate deeds and the form deed for their use that is now codified at 27 V.S.A. § 660 (see chapter 6); and

  • an explanation of the Uniform Law on Notarial Acts (codified at 26 V.S.A. § 5301 et seq.) and its effect on the procedures for acknowledging a deed (see chapter 7).

  We hope that you will continue to find this manual useful in your real estate practice and in your reference library. Thank you for your continued support.

  Cordially,

  Alexis J. LeBlanc, Esq., Publications Attorney

Table of Contents

Chapter 1 expand

Overview of the Attorney’s Role

Buy Chapter

Kathleen M. Boe, Esq., Carroll, Boe & Pell PC
Kevin L. Kite, Esq., Law Office of Kevin L. Kite

Checklist 1.1

- Checklist for Typical First Meeting with Residential Real Estate Client Buy Form

Chapter 2 expand

Purchase and Sale Agreements

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Kevin T. Brennan, Esq., Brennan, Punderson & Donahue, PLLC

Checklist 2.1

- Contingencies to Review with Your Buyer or Seller Client Buy Form

Exhibit 2A

- Fact Sheet: Seller’s Obligations Under the Vermont Lead Law Buy Form

Chapter 3 expand

Financing a Residential Real Estate Transaction

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Benjamin H. Deppman, Esq., Deppman Law PLC

Exhibit 3A

- Example Loan Estimate Buy Form

Chapter 4 expand

Title Holder

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James P. Langan, Esq., Dinse

Chapter 5 expand

Condominium Ownership

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Christina A. Jensen, Esq., Lisman Leckerling, PC
Carl H. Lisman, Esq., Lisman Leckerling, PC

Exhibit 5A

- Sample Resale Certificate Buy Form

Chapter 6 expand

Deeds

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Jeffrey O. Polubinski, Esq.,
Robert H. Rushford, Esq., Gravel and Shea

Checklist 6.1

- Checklist of Elements of a Deed in Vermont Buy Form

Chapter 7 expand

Title Examinations and Title Issues

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R. Prescott Jaunich, Esq., Downs Rachlin & Martin, PLLC
Alexis L. Peters, Esq., Downs Rachlin & Martin, PLLC
Timothy S. Sampson, Esq., Downs Rachlin & Martin, PLLC

Chapter 8 expand

Title Insurance

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James E. Knapp, Esq., First American Title Insurance Company

Exhibit 8A

- ALTA Loan Policy of Title Insurance Buy Form

Exhibit 8B

- ALTA Owner’s Policy of Title Insurance Buy Form

Exhibit 8C

- ALTA Homeowner’s Policy of Title Insurance Buy Form

Exhibit 8D

- ALTA Commitment for Title Insurance Buy Form

Chapter 9 expand

Permits

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Jeremy I. Farkas, Esq., MSK Attorneys

Checklist 9.1

- Checklist of Possible Permits Buy Form

Exhibit 9A

- Sample Vermont Department of Environmental Conservation and Natural Resources Board Project Review Sheet Buy Form

Chapter 10 expand

Liens, Leasehold Interests, and Easements

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James P. Langan, Esq., Dinse
Molly K. Langan, Esq., Dinse
Edward Lawrence, Esq., Dinse

Exhibit 10A

- Easement Deed: Utilities Buy Form

Chapter 11 expand

Closings

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Janet P. Shaw, Esq., American Land Title, LLC

Chapter 12 expand

Transactional Taxes

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Edgar T. Campbell, Esq., Woolmington, Campbell, Bent & Stasny, PC

Exhibit 12A

- Instructions for Filing a Vermont Property Transfer Tax Return Online Buy Form

Exhibit 12B

- Instructions for Filing a Vermont Land Gains Tax Return Online Buy Form

Chapter 13 expand

Foreclosure

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Elizabeth A. Glynn, Esq., Ryan Smith & Carbine, Ltd
Susan J. Steckel, Esq., Steckel Law Office

Editor(s)

Author(s)