Abstract

When a debtor can not repay the debt, the lender can foreclose the debtor's mortgaged real estate. However illegal occupier in the real estate often obstructs the foreclosure procedure. Such obstruction reduces the value of the real estate and it is considered as one of the serious factors of non-performing loan problem in Japan. In recent Japanese law reform, many anti-obstruction rules were introduced so that we expect the foreclosure procedure become more effective than before.

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