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The Torrens System for Real Estate Transfers
The article argues that real estate as bank collateral remains slow due to transfer delays. It praises the Torrens plan for simplifying titles, enabling quick transferability, and thus making real estate a more bankable asset. It discusses flaws in current systems, contrasts real and personal property transfers, and notes legal inconsistencies in Illinois regarding ownership upon death.
MENTIONED IN THIS ARTICLE
Stans
Lamuese
National Bank
Illinois