externalities from foreclosures. VPROs were widely adopted by local governments across the United States during the foreclosure … enactment of VPROs in Florida more than halved the negative externality from foreclosure. This finding is robust to a rich set …

I develop an equilibrium model of housing and default to jointly analyze the effects of bankruptcy and foreclosure … debt. I show that the interaction between foreclosure and bankruptcy decisions is crucial for explaining the observed cross … bankruptcy rates but increased foreclosure rates, and that the Home Affordable Refinance Program reduced foreclosures during the …

Intentionally or not, every state's law regarding lien priority and post-foreclosure liability allocates risk between …

local demographic characteristics and state level legislation regulating foreclosure procedures and predatory lending. We … level. We observe significant variation in the rate of foreclosure across states. Those states imposing higher temporal and … financial institution foreclosure activities. This is one of many proposed directives for addressing the current mortgage …

would otherwise have lost to foreclosure …

This paper investigates the influence of expected foreclosure duration on a borrower's future default propensity. We … use the lagged actual time-varying state-level foreclosure times as proxies for borrower's expected benefit from default … as the form of "free rent.'' While existing literature includes the single-year non-contested foreclosure times as …