Publisher description for Risk in the global real estate market : international risk regulation, mechanism design, foreclosures, title systems and REITs / Michael C.I. Nwogugu.
Bibliographic record and links to related information available from the Library of Congress catalog
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Analysis of the effects of mortgage foreclosure laws on global economics
America's sub-prime mortgage problems have had rippling effects on the economies of countries around the world, highlighting the many problems inherent in the legal infrastructures for both mortgages and the unconstitutional foreclosure process. The Global Mortgage: International Risk Regulation, Mechanism Design, and Constitutional Torts in Foreclosures, Titles Systems, and REITS reveals how these unconstitutional statues and processes affect housing prices, as well as the demand for housing and commercial real estate.
Describes significant implications for risk regulation, interstate commerce, and legislation in the United States and some common law countries
Addresses foreclosure statues and processes, mortgages and deeds of trust
Shows how unconstitutional tax foreclosures and the mortgage foreclosure processes create information asymmetry, increased transaction and compliance costs, negative externalities, and inefficiency
The Global Mortgage reveals the many?and major?problems inherent in the legal infrastructure for mortgages and foreclosure processes.
Library of Congress subject headings for this publication:
Real estate business.
Real estate investment trusts.
BUSINESS & ECONOMICS / Investments & Securities. -- bisacsh