The Lender's Right to Insurance or Condemnation Proceeds - Constitutional Issues

11 Pages Posted: 23 May 2008

Date Written: 2005

Abstract

Under US laws and statutes, the lack of codification of the lender's right to receive proceeds of insurance and condemnation is un-constitutional. These violations of constitutional law create increased information asymmetry, increased transaction costs and compliance costs, negative externalities, inefficiency in real estate transactions and increased agency problems.

Keywords: Housing-demand models, real estate law, capital markets, insurance law, condemnation of property

Suggested Citation

Nwogugu, Michael C. I., The Lender's Right to Insurance or Condemnation Proceeds - Constitutional Issues (2005). Available at SSRN: https://ssrn.com/abstract=1132150 or http://dx.doi.org/10.2139/ssrn.1132150

Michael C. I. Nwogugu (Contact Author)

Independent ( email )

P. O. Box 11104
Enugu 400007, Enugu State 400007
Nigeria
2348149062100 (Phone)

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