The Value of Foreclosed Property

This paper examines the expected price appreciation of distressed property and compares it to the prevailing metropolitan area appreciation rate. Whether due to individual property or local area heterogeneity in appreciation, the results show that foreclosed property appreciates less than the area average appreciation rate. The magnitude of the deviation is sensitive to loan characteristics, legal restrictions, housing market conditions and marketing time

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Year of publication:	[2007]
Authors:	Pennington-Cross, Anthony
Publisher:	[2007]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (22 p)
Type of publication:	Book / Working Paper
Notes:	In: Journal of Real Estate Research, Vol. 28, No. 2, 2006
Classification:	R11 - Regional Economic Activity: Growth, Development, and Changes ; R21 - Housing Demand ; L85 - Real Estate Services ; E31 - Price Level; Inflation; Deflation ; D23 - Organizational Behavior; Transaction Costs; Property Rights
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012778109