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Everything about Foreclosure
Legal process where a lender recoups an unpaid loan
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. Wikipedia →
🧭 Start here: a 6-step reading path
- Read the overview: ForeclosureA 5-minute orientation
- Skim a recent paper: Prevalence of eviction, home foreclosure, and homelessness among low-income US veterans: the National Veteran Homeless and Other Poverty Experiences studyInfluential work since 2022
- Pick up a classic book: Notice of tax takingThe most-reprinted book on the subject
- Read the landmark paper: Vertical Integration and Market ForeclosureCited 663 times
- Go sideways: Mortgage lawA closely related topic
- Go sideways: Deed of trust (real estate)A closely related topic
📖 Definitions
Noun The proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments.
Noun The absence of a symbolic father for a fatherless child, as a cause for psychosis.
🏆 Landmark papers (most cited)
Vertical Integration and Market Foreclosure
Racial Segregation and the American Foreclosure Crisis
Vertical Mergers and Market Foreclosure
Negative equity and foreclosure: Theory and evidence
Communicative Capitalism: Circulation and the Foreclosure of Politics
The external costs of foreclosure: The impact of single‐family mortgage foreclosures on property values
Vertical Integration, Market Foreclosure, and Consumer Welfare in the Cable Television Industry
Leverage and the Foreclosure Crisis
🆕 Influential since 2022
Prevalence of eviction, home foreclosure, and homelessness among low-income US veterans: the National Veteran Homeless and Other Poverty Experiences study
Vertical Integration and Foreclosure: Evidence from Production Network Data
Self-preferencing and foreclosure in digital markets: Theories of harm for abuse cases
The Buffering Effect of State Eviction and Foreclosure Policies for Mental Health during the COVID-19 Pandemic in the United States
The Effects of Administrative Burden on Program Equity and Performance: Evidence from a Natural Experiment in a Foreclosure Prevention Program
📚 Books worth reading
Notice of tax takingBoston (Mass.). Collecting Dept.
The foreclosure survival guideAmy Loftsgordon · 2017
Foreclosure Investing for DummiesRalph R. Roberts, Joseph Kraynak · 2007- 📕The Salvation Army & the San Francisco Sheriff's Department, in a joint effort present, foreclosure and eviction assistance and relief services project final reportSalvation Army · 1996
$700 billion bailoutPaul Muolo · 2008- 📕The Salvation Army & the San Francisco Sheriff's Department, in a joint effort present, foreclosure and eviction assistance and relief services project replication instructionsSalvation Army · 1996
- 📕Connecticut foreclosuresDenis R. Caron, Geoffrey K. Milne · 1981
- 📕The short-duration default problem in Region IVUnited States. Dept. of Housing and Urban Development. Region IV. Office of Program Planning and Evaluation · 1980
Ranked by number of editions on Open Library, a rough measure of how lasting a book is.
🔗 Related topics
- Mortgage law A mortgage is a legal instrument of the common law which is used to create a security interest in real property held by a lender as a security for a debt…
- Deed of trust (real estate) A deed of trust refers to a type of legal instrument which is used to create a security interest in real property and real estate. In a deed of trust,…
- New Jersey Fair Foreclosure Act The Fair Foreclosure Act (FFA), N.J.S.A §§ 2A:50-53 to 2A:50-73, is a state law that protects residential mortgage debtors and establishes a uniform statutory…
- Repossession Repossession, commonly referred to as repo, is a "self-help" type of action in which the party having the right of ownership of a property takes the property…
- Trustee Sales Guarantee In the United States, the Trustee Sale Guarantee (TSG) is the title guarantee that is issued at the beginning of a foreclosure. TSG helps the foreclosing…
- Mortgage Electronic Registration Systems Mortgage Electronic Registration Systems, Inc. (MERS) is an American privately held corporation. MERS is a separate and distinct corporation that serves…
- Secured loan A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt…
- Court auction Court auction is an auction which takes place at a public location designated by the court. If a property owner fails to pay the mortgage, the mortgage…