The Value of Foreclosed Property
This paper examines the expected price appreciation of distressed property and compares it to the prevailing metropolitan area appreciation rate. Whether due to individual property or local area heterogeneity in appreciation, the results show that foreclosed property appreciates less than the area a...
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Published in | The Journal of real estate research Vol. 28; no. 2; pp. 193 - 214 |
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Main Author | |
Format | Journal Article |
Language | English |
Published |
Clemson
The American Real Estate Society
01.04.2006
Taylor & Francis Ltd |
Subjects | |
Online Access | Get full text |
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Summary: | This paper examines the expected price appreciation of distressed property and compares it to the prevailing metropolitan area appreciation rate. Whether due to individual property or local area heterogeneity in appreciation, the results show that foreclosed property appreciates less than the area average appreciation rate. The magnitude of the deviation is sensitive to loan characteristics, legal restrictions, housing market conditions and marketing time. |
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Bibliography: | ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23 |
ISSN: | 0896-5803 2691-1175 |
DOI: | 10.1080/10835547.2006.12091177 |