The Research On Legal Issues Of Reverse Mortgage

With the promulgation of opinions on accelerating the development of pension servicesby the Sate Council,reverse mortgage will try to land the market of china on the first half ofnext year.Judging from the current situation of China, it has early entered aging societyalready, may trap china in a "age before it gets rich" of the cycle, the social security systemneed restructuring, while per capita homeownership rate increased significantly, essentiallyChina already has implemented anti-housing Prerequisites mortgages to the system, but stilllack of appropriate legal and policy measures supporting escort reverse mortgage is still alack of institutional transplantation Chinese soils.This article is based on background of reverse mortgages will be formally land, focuson learning the maturing U.S. diversified model and a similar background with Hong Kongmodel.In order to overcome the symptoms of housing reverse mortgages in the smoothdevelopment of China,the article uses comparative analysis, historical analysis, socialanalysis methods to analyze and demonstration of resolve as exotic place housing reversemortgages conflict with Chinese laws and regulations,In addition to the conclusion of this article,it is divided into five parts, theintroductory part of this article focuses on the background, explaining the significance of thisstudy is proposed reverse mortgage system repeatedly blocked the reason still have tocontinue to implement the necessity; The first chapter, horizontal comparison of differenthousing reverse mortgages discourse, trying to seek shelter reasonable position reversemortgage, the tone for this study; Chapter II system analyzes the barriers to housing reversemortgages in China run including traditional pension resistance values and consumerattitudes, barriers and institutional level of uncertainty caused by operational risks, etc.;Chapter III of the reverse mortgage contract legal rights and obligations of both partiesanalyzed demonstration, from the perspective of private law specification reverse mortgagesystem; fourth and fifth chapters presented in reference to the construction of related systemsopinions and suggestions foundation of America reverse mortgage system and the elderly inHong Kong on the mortgage business, including improving land property rights system, liftCurrent regulations limit the financial terms of separate operation, improve the taxincentives, the government also emphasized the importance of providing risk guarantees.