We evaluate the impact of foreclosure on house prices and are especially interested to evaluate heterogeneous impacts … of foreclosure along the house size and income distributions across geographic regions. The study uses a novel and … comprehensive dataset that encompasses detailed housing and neighborhood characteristics, home sales, locations, foreclosure …

This Article examines the judicial treatment of mortgage assignments across various jurisdictions in the foreclosure … the widespread and well-documented problems with foreclosure “robo-litigation,” including backdated documents, fraudulent … assignees in the foreclosure context is somewhat ironic given most courts' routine enforcement of instruments against debtors …

constraints. During housing busts, longer selling times spill over into higher foreclosure risk, thereby magnifying the response …, the reverse occurs. Based on these insights, I consider a foreclosure reform that makes all mortgages full recourse, and I …

We estimate a model of foreclosure using a data set that includes every residential mortgage, purchase-and-sale, and … foreclosure transaction in Massachusetts from 1989 to 2008. We address the identification issues related to the estimation of the … occurred in Massachusetts between 2005 and 2008 and conclude that the foreclosure crisis was primarily driven by the severe …

disentangle competition and disamenity effects by examining the spillover effect across various stages of the foreclosure process …

This paper contributes to the literature focusing on the impact of foreclosure status on single family house prices … the market collapse in Las Vegas (NV) from 2008q1 through 2011q2, the price impact associated with foreclosure status …

Millions of Americans lost their homes during the foreclosure crisis, an unprecedented disaster still plaguing local … and national economies. A primary factor contributing to the crisis has been the failure of conventional foreclosure … traditional borrower-lender relationship. To compensate for the shortcomings of conventional foreclosure procedures and stem the …

spills over into higher foreclosure risk by creating a debt overhang problem. Heavily indebted sellers post high selling … prices, take a long time to sell, and frequently end up in foreclosure. As a result, search risk increases mortgage default …

The authors construct a quantitative equilibrium model of the housing sector that accounts for the homeownership rate …, the average foreclosure rate, and the distribution of home-equity ratios across homeowners prior to the recent boom and … show that the model can account for the observed decline in house prices and much of the increase in the foreclosure rate …

on delinquent homeowners. Comparing zip codes close to state borders with differing foreclosure laws, we show that … foreclosure propensity and housing inventory jumped discretely as one entered non-judicial states. There is no jump in other … 2007 to 2009. As foreclosures subsided from 2011 to 2013, the difference between foreclosure rates in non-judicial and …