Download or read book Three Essays on Foreclosure Spillover Effects written by Yung Chun and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Mortgage foreclosures are costly not only to individuals, but also to society as a whole as the effects of foreclosures spill over into neighborhoods. The increasing volume of research on foreclosure spillover effects during and after the recent mortgage crisis reveals two limitations. First, empirical studies yield different evidence regarding the effect sizes of foreclosures on the house prices of neighboring properties. Second, the literature has not yet sufficiently dealt with foreclosure contagion, which posits that each foreclosure in a neighborhood increases the probability of additional foreclosures in the neighborhood.