The law of real property is one of the basic law school courses, and is a must for paralegals in a business law firm. Here we examine the system of common law property, the recording acts, conveyancing, mortgaging, landlord-tenant, and financing. We cover the subjects every paralegal should know about land transactions and the documents which record the purchase, sale, and leasing of real estate. Besides buyer-seller issues, the student should be able to deal with title insurance companies, recorders of deeds, and to recognize land finance subjects. Finally, we deal with foreclosure of mortgages and the possibility of redeeming a mortgage that has gone into default.