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Some closure on foreclosures?

Bryan J. Noeth and Rajdeep Sengupta

Economic Synopses, 2011, No 22

Abstract: Contrary to popular perception, the foreclosure process can be very costly for a lender?it remains a puzzle as to why such large numbers of mortgages in default enter into foreclosure in the first place.

Keywords: Foreclosure; Housing; Mortgages (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:fip:fedles:y:2011:n:22