An Overview of the Real Estate Finance Opinion Report of 2012
Publication| Real Estate Services
Many state bars and other professional groups have provided reports on opinion practices, both general and specific. Although the Delaware State Bar Association has not yet produced such a report, a recent report by three national lawyer associations should be of interest to lawyers in Delaware who issue opinions in Delaware real estate transactions.
The Real Estate Finance Opinion Report of 2012 is a joint project of the American Bar Association (ABA) Section of Real Property, Trust and Estate Law, Committee on Legal Opinions in Real Estate Transactions; the American College of Real Estate Lawyers Attorneys’ Opinions Committee; and the American College of Mortgage Attorneys Opinions Committee. The 2012 Report intends to give guidance to lawyers serving as borrowers’ lead counsel in mortgage loan transactions, but the extensive background material and guidance in the 2012 Report are useful to all lawyers involved in the opinion process.
This article originally appeared in Vol. 14 No. 2 of the Delaware Law Review, published by the Delaware State Bar Association. Copyright © Delaware State Bar Association 2014. All rights reserved. Reprinted with permission.