Choice of Land Title Systems, Land Values and Optimal Title Insurance
Michael C. I. Nwogugu
This article presents decision models for choice of Land Title system, and shows that the Torrens/Registration system will be more efficient for the overall economy, given several constraints such as transaction costs, availability of title insurance, average tenant owner tenure, available legal processes and probability-of-claims. Models for the optimal amounts of title insurance under the Recording System and the Registration System are introduced.
Number of Pages in PDF File: 26
Keywords: land, torrens system, recording systems, title insuranceworking papers series
Date posted: January 26, 2006 ; Last revised: August 31, 2008
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