부동산신탁 공매 낙찰가율 결정요인에 관한 연구

부동산신탁 공매의 낙찰가율에 영향을 미치는 요인을 분석했다.

Financial market had completely been opened by IMF relief loan, By 2008 financial crisis We learned that as a result of domestic financial market opening, global financial crisis had a effect on domestic financial market. Also It brought out introduced in 1991 real estates trust system which is relatively advaced financial technique compared with real estate mortgage loan and project financing loan, is activated in earnest. Since then up to now real estates trust market grew rapidly. Real estates trust company licence by the Financial Supervisory Commission have increased steadily so that the total number of real estates trust company is 57 including specialized real estates trust company.

The total trust assets is 145 trillion. Collateral trust accounting for 64 percent of Above mentioned real estates trust supercede mortage for the purpose of securing loans. In case of the loss of benefit of time for reasons such as loan interest delinquency, Because collateral trust is financial item which dispose of property for public sale, This paper attempts to study about collateral trust. And in comparion to auction of court, public sale of Kamco, there have been a sizable amount of growth in Public sale of real estates trust company. It is expected that public sale of real estates trust company will increase steadily.

For this reason, Domestic institutional investors and individuals which consider real estate as investment increase conspicuously. And as a interested parties, a truster, a beneficiary (including a priority beneficiary), a trustee have become interested in Bid-dropping rate of public sale of real estates trust for loss of benefit of time. Especially financial institutions wonder about debit service ratio of a secured loan and factors determining the winning bid rate. But, at present there is no research surporting mentioned.

By studying what factors determine the winning bid rate, this paper attempts to aim at providing help for interested parties who grant loans newly and do credit management.