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Economic and legal analysis of mandatory non-recourse mortgages with applications to Spain

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dc.contributor.author Hoefer Martí, Julia
dc.contributor.author Morgades Abellà, Albert
dc.contributor.author Soriano Morón, Jana
dc.contributor.author Sun, Jian
dc.date.accessioned 2013-11-12T11:35:01Z
dc.date.available 2013-11-12T11:35:01Z
dc.date.issued 2013-11-12
dc.identifier.uri http://hdl.handle.net/10230/21261
dc.description Treball de Fi de Grau en Economia. Curs 2012-2013
dc.description Tutora: Rosa Ferrer Zarzuela
dc.description.abstract “The liquidity crisis of the Spanish banks is largely due to the lack of confidence of foreign investors and, therefore, the changes that occur in the legislation should not affect the credibility, stability, legal certainty, predictability that markets expect”./nSergio Nasarre (2011)/nIn the current situation of economic crisis, many people have found they can no longer pay back the mortgage loans that were granted to them in order to purchase a dwelling. It is for this reason that, in light of the economic, political and social problems this poses, our paper studies the state of the Spanish real-estate system and of foreclosure, paying special attention to the solution that has been proposed recently as the best option for debtors that cannot make their mort-gage payments: non-recourse mortgaging. We analyze this proposal from legal and economic perspectives in order to fully understand the effects that this change could imply. At the same time, this paper will also examine several alternatives we believe would ameliorate the situation of mortgage-holders, among them legal reforms, mortgage insurance, and non-recourse mortgaging itself.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.rights Aquest document està subjecte a una llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject Treball de fi de grau – Curs 2012-2013
dc.subject Hipoteques - Espanya
dc.subject Negocis immobiliaris
dc.subject Crisi financera global, 2007-2009
dc.title Economic and legal analysis of mandatory non-recourse mortgages with applications to Spain
dc.type info:eu-repo/semantics/bachelorThesis
dc.rights.accessRights info:eu-repo/semantics/openAccess

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