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 …

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

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 …

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 …