Is there a Role for Title Insurance in Markets with Land Registration?
Benito Arruñada
ERES from European Real Estate Society (ERES)
Abstract:
This work first describes the structure of the main institutional arrangements devised for reducing transaction costs related to the risk of eviction when selling land or using it as collateralóprivate contracting, recording of documents and registration of rights. It then analyses the rationale for the use of title insurance in the USA, and the circumstance under which there might arise a demand for this kind of insurance in markets with land registration, as are those in Europe.
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2001-06-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2001_108
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