EconPapers    
Economics at your fingertips  
 

The Short Sale Stigma

Kimberly R. Goodwin () and Ken H. Johnson ()
Additional contact information
Kimberly R. Goodwin: The University of Southern Mississippi
Ken H. Johnson: Florida Atlantic University

The Journal of Real Estate Finance and Economics, 2017, vol. 55, issue 4, 416-434

Abstract: Abstract Despite a recent upturn, housing prices remain in flux in most cities nationwide. Lenders are still left dealing with a glut of distressed properties. They can choose to foreclose on the property or allow the owner/mortgagor to attempt to sell the property for less than the outstanding balance of the mortgage in a short sale agreement. The best way to clear the market of distressed properties is an important policy question. This is the first study to examine not only the price and time on market effect of being a short sale but also whether the short sale process itself creates a market stigma.

Keywords: Housing; Short sale; Foreclosure; Real estate valuation; Brokerage (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s11146-016-9571-2 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jrefec:v:55:y:2017:i:4:d:10.1007_s11146-016-9571-2

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/11146/PS2

Access Statistics for this article

The Journal of Real Estate Finance and Economics is currently edited by Steven R. Grenadier, James B. Kau and C.F. Sirmans

More articles in The Journal of Real Estate Finance and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-05-15
Handle: RePEc:kap:jrefec:v:55:y:2017:i:4:d:10.1007_s11146-016-9571-2