Deterring default: why some state laws decrease the probability of mortgage foreclosures
Abstract: Many states give mortgage lenders strong legal means by which to pursue debt collection in the event of a mortgage default. In those states, probability of default is lower and the forms the default takes are often quite different from a costly conventional foreclosure.
File(s): File format is application/pdf http://www.richmondfed.org/publications/research/economic_brief/2009/pdf/eb_09-09.pdf
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2009
Issue: SepOrder Number: 09-09