The Tenth Edition of this popular casebook comprehensively addresses the tremendous changes that have occurred in the past five years in real estate finance and in the real estate industry. The Tenth Edition includes a thorough updating and revision of the materials on foreclosure; a comprehensive revision of the materials on securitization and the ownership, transfer, and enforcement of securitized mortgage loans, including detailed treatment of the proper application of Uniform Commercial Code Articles 3 and 9 to the ownership, transfer, and enforcement of mortgage notes; a comprehensive revision of the chapter on governmental intervention in the mortgage market; coverage of the provisions of new Uniform Commercial Real Estate Receivership Act (including its provisions on receiver sales), enacted in 10 states since publication of the Ninth Edition; and significantly streamlined (yet still thorough) coverage of installment land contracts and common interest communities. The Tenth Edition also retains its thorough coverage of bankruptcy law and its impact on mortgagees in Chapters 7, 11, 12 and 13.