Residential real estate has achieved an exalted status and privileged position in American
property law. In the past century, there has been a proliferation of legislation that protects …

Bankruptcy is an integrated legal solution to the problem of overwhelming debt. Evidence
suggests that the architects of the modem Bankruptcy Code, in 1978, were genuinely …

foreclosures. In particular, it examines the competing models of home foreclosures that have
been developed in the economics literature-the" distress" model and the" option" model …

Property law and the larger discourse of property are forged not only in the steady accretion
of economic and social development, but also in moments of dramatic change. Repeatedly …

This paper examines how filing for bankruptcy under Chapter 13 helps financially distressed
homeowners. We develop a model of debtors' decisions to default on their mortgages and …

Property theory has entered into uncertain times. Conservative and progressive scholars
are, it seems, fiercely contesting everything, from what is at the core of property to what …

The growing literature on financial, demographic, and institutional aspects of the foreclosure
crisis largely neglects the experiences and actions of homeowners. This in-depth account of …

When mortgage borrowers default and have no desire or ability to keep their property, then
loss mitigation involves a sale of the property via one of the following options:(1) the lender …

1. For example, according to Massachusetts Institute of Technology Professor Andrew Lo the
recent mega-scandal surrounding the manipulation of LIBOR, a key benchmark interest rate …

In this paper we examine the relationship between homeowners' bankruptcy decisions and
their mortgage default decisions and the relationship between homeowners' bankruptcy …