Assessment of lender and third-party bidder acquired properties at foreclosure auction is provided. Properties acquired at foreclosure auction by third-party bidders transact at a discount to lender dispositions of real estate owned (REO) properties. The discount reflects a reduction in costs...

Health care facilities include hospitals and nursing homes. Demand for beds and occupancy depends on income, prices and insurer restrictions. The supply of beds is limited by regulatory certificates of need. The implied equilibrium vacancy leads to a trade-off with rate increases. Rate increases...

1. Introduction -- Motivation -- Method -- I. Valuation -- 2. Real estate—Institutional and legal environment -- 3. Valuation and appraisal of properties -- II. Financing -- 4. Interest rates, financing, and mortgage multipliers -- 5. Fixed rate and payment mortgage (FRPM) -- 6. Inflation and...