Harding, John P.; Rosenblatt, Eric; Yao, Vincent W. - In: Journal of Urban Economics 71 (2012) 2, pp. 204-218
Foreclosed properties sell at lower prices than do nearby non-distressed properties. Of particular concern, is whether there is a “stigma” foreclosure discount whereby REO properties sell at lower prices simply because they have been involved in foreclosure proceedings. To the extent that...