Topic
Life estate
About: Life estate is a research topic. Over the lifetime, 137 publications have been published within this topic receiving 628 citations.
Papers published on a yearly basis
Papers
TL;DR: In this article, the authors examined how the financial proceeds of organized criminal activity are laundered through the Canadian real estate market and found that real estate has many attributes that make it an attractive destination for criminal proceeds, such as it provides a home in which the offender can live and is often used for the cultivation of marijuana.
Abstract: This article examines how the financial proceeds of organized criminal activity are laundered through the Canadian real estate market. The source of data for this study was cases from the Royal Canadian Mounted Police. Real estate has many attributes that make it an attractive destination for criminal proceeds. It provides a home in which the offender can live and is often used for the cultivation of marijuana. As a money laundering vehicle, a host of mechanisms commonly used with real estate transactions can frustrate efforts to unearth the criminal source of funds, such as nominees, fake mortgages, solicitor–client privilege, and legal trust accounts. There is some potential that money laundering through real estate can distort fair market values by contributing to inflated real estate prices, but this is unlikely given the fact that the volume of criminal proceeds invested in the real estate market is just a tiny fraction of overall investments and transactions on an annual basis.
59 citations
Journal Article•
46 citations
Patent•
18 Nov 2003
TL;DR: In this article, a system and method for conducting a home equity sales (HES) program enables a real estate property owner to sell a partial equity ownership interest in a real-estate property.
Abstract: A system and method for conducting a home equity sales (HES) program enables a real estate property owner to sell a partial equity ownership interest in a real estate property. This allows the property owner to sell the interest outright to an investor and receive compensation for the sale of the interest. The property interests of the property owner and the investor are both recorded in property records relating to that particular property. The property owner may sell multiple interests in the same property and an investor may also purchase these multiple interests.
37 citations
TL;DR: In this article, the authors examined the impact of the buyer's nationality on the change in the wealth of the selling firm's shareholders for voluntary sell-offs of U.S. real estate.
Abstract: Large foreign acquisitions of U.S. real estate always seem to generate considerable public concern. Most recently the reaction has been to Japanese purchases, but similar reactions occurred to Arab petro-dollar purchases in the early 1970s. This study examines the impact of the buyer's nationality on the change in the wealth of the selling firm's shareholders for voluntary sell-offs of U.S. real estate. In general, this study indicates that voluntary sell-offs of real estate assets result in a significant increase in the wealth of the selling firm's shareholders. However, the change in the wealth of the selling firm's shareholders for U.S. buyers was not significantly different from that for non-U.S. buyers. Since no advance is indicated for foreign buyers over domestic buyers, laws or regulations hindering the foreign acquisition of U.S. real estate cannot be supported. The assumption of a “non-level playing field” for U.S. real estate investors who bid against foreign firms for U.S. real estate assets is not confirmed.
36 citations
Patent•
18 Nov 2003
TL;DR: In this article, a system and method for conducting a home equity sales (HES) program enables a real estate property owner to sell a partial equity ownership interest in a real-estate property.
Abstract: A system and method for conducting a home equity sales (HES) program enables a real estate property owner to sell a partial equity ownership interest in a real estate property. This allows the property owner to sell the interest outright to an investor and receive compensation for the sale of the interest. The property interests of the property owner and the investor are both recorded in property records relating to that particular property. The property owner may sell multiple interests in the same property and an investor may also purchase these multiple interests.
33 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2018 | 2 |
| 2016 | 5 |
| 2015 | 4 |
| 2014 | 4 |
| 2013 | 7 |
| 2012 | 5 |