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 …

This study analyzes whether bankruptcy asset exemptions and state foreclosure laws affect borrowers' decisions to … default on their mortgages and the lenders' incentives to settle the default outside the foreclosure. Using a rigorously … bankruptcy asset exemptions and mortgage foreclosure laws on mortgage defaults across different segments of the mortgage market …

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 …

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