Desai, Chintal; Elliehausen, Gregory; Steinbuks, Jevgenijs - In: The Journal of Real Estate Finance and Economics 47 (2013) 3, pp. 391-415
This study analyzes the effects of state bankruptcy asset exemptions and foreclosure laws on mortgage default and … foreclosure rates across different segments of the mortgage market. We found that the effects of these legal provisions are larger … results demonstrate that the effect of variation in bankruptcy exemptions and foreclosure laws is most pronounced in the most …