Foreclosure of Real Estate - Ideas from a Different Legal System (Denmark)

82 Pages Posted: 7 Jun 2009

See all articles by Henrik Stakemann Spang-Hanssen

Henrik Stakemann Spang-Hanssen

Independent; University of Vienna School of Law - Department of Commercial and Business Law

Date Written: May 31, 2009

Abstract

This article gives a broad introduction to real estate mortgages and foreclosures in Denmark.

Denmark has the oldest mortgage legislation in the world.

The legal and institutional framework has in many ways been the recipe for efficiency and success within Danish mortgage banking and is probably the foremost reason for the long and unblemished history of specialized lending in Denmark dating back to 1851.

After a short introduction and history on Danish legislation, the article describes Danish mortgages, including appendixes with complete English translations of all mandatory mortgage terms.

Next, it describes in detail the Danish system on foreclosure of real estate, again including appendixes with English translations of the various Danish rules for auctions of real estate.

Finally, it offers some final remarks, a list over important case law (in Danish) and a list of recommended further reading and sources.

The reader should study Appendixes A through E thoroughly to obtain a full understanding of the Danish system.

Keywords: Mortgage, Foreclosure, Auction, Real Estate

JEL Classification: G10, G20, G30, H31, K11, K00, N20, D44, G21

Suggested Citation

Spang-Hanssen, Henrik Stakemann, Foreclosure of Real Estate - Ideas from a Different Legal System (Denmark) (May 31, 2009). Available at SSRN: https://ssrn.com/abstract=1414525 or http://dx.doi.org/10.2139/ssrn.1414525

Henrik Stakemann Spang-Hanssen (Contact Author)

Independent ( email )

Schottenbastei 10-16
A-1010 Vienna
Austria
+1 (408) 348-8431 (Phone)

HOME PAGE: http://www.hssph.net/

University of Vienna School of Law - Department of Commercial and Business Law

Schottenbastei 10-16
A-1010 Vienna
Austria
+1 (408) 348-8431 (Phone)

HOME PAGE: http://www.hssph.net

Register to save articles to
your library

Register

Paper statistics

Downloads
176
rank
167,332
Abstract Views
1,547
PlumX Metrics