Analysis of Real Estate Securitization Act and Discussion of its difficulties

• Main Authors: HUANG, BO-RUEI, 黃勃叡
• Other Authors: CHEN, JUNG-LUNG
• Format: Others
• Language: zh-TW
• Published: 2004
• Online Access: http://ndltd.ncl.edu.tw/handle/96519420726176233788

碩士 === 國立臺北大學 === 法學系 === 92 === ABSTRACT Analysis of Real Estate Securitization Act and Discussion of its difficulties by HUANG, BO-RUEI JULY 2004 ADVISOR：Dr. CHEN, JUNG-LUNG DEPARTMENT：NATIONAL TAIPEI UNIVERSITY DEPARTMENT OF LAW MAJOR：CIVIL LAW DEGREE：MASTER OF LAW The chief framework of Real Estate Securitization is to change the estate legal nexus between general investors and investment from holding Real Estate of ownership directly in immovable real right relation to hold which commends economic benefits of negotiable securities. In other words, Real Estate Securitization leads the intrinsic quality. Real Estate transforms the type from originally fixed estate into liquidity of negotiable securities. Meanwhile, to exert fund, which is raised by the public purchasing negotiable securities, to precede the development, administration or punishment of Real Estate through estate development or administrative organizations. As a result, developing estate effectively and enhancing estate value so as to combine completely estate market with capital market characteristic. Briefly, Real Estate Securitization is designed for investors'' investment supplied by medial organizations doing transformation from an amount of huge estate asset to pennyworth unit bond. To take advantage of medial organizations can not only reach the aim of separating from "Bankruptcy risk ", but also exert the functions including dispersive risk of investment and the expertise of estate development. Therefore, investors can apply the method of Real Estate Securitization with pennyworth fund to estate investment which could not be participated without a huge amount of money before. Afterwards, commissioned agencies exert the professional ability for investors to choose suitable estate article to invest, and to administrate and punish estate asset. As far as estate operators are concerned, the problem of needing a lot of money for estate development can be solved by raising fund from the public. In this essay, it is hoped to reaches under aims by researching on Real Estate Securitization. 1、Analysis the problems of Real Estate Securitization performs in our country and the methods of solutions. 2、Whether it is necessary to modify active Real Estate Securitization regulations or not. 3、To establish systems to cooperated with the performance of Real Estate Securitization.