Negative Equity and Foreclosure¶
Foote, C. L., Gerardi, K., & Willen, P. S. (2008). Negative Equity and Foreclosure: Theory and Evidence. Journal of Urban Economics, 64(2), 234-245.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Caldera Collapse
- Equity withdrawal: a homeowner draws down the equity buffer that supports the asset; the asset is intact, but a modest price decline triggers default because the support was already gone.
This sourceShows that exhausted equity buffers convert modest price declines into default on an otherwise intact asset.
- Equity withdrawal: a homeowner draws down the equity buffer that supports the asset; the asset is intact, but a modest price decline triggers default because the support was already gone.
Verification¶
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Registry ID ref:750a4b97313f · see in the full table