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Studying home foreclosures in India

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Issue DateTitleSub-TitleAuthor(s)Journal NameVolume NumberIssue NumberPages
117-Apr-2012Studying home foreclosures in India-Panchapagesan, Venkatesh 

Description

Abstract
Foreclosures are an important mechanism by which mortgage lenders take control of the property after the borrowers have defaulted on their housing loans. Without this credible threat, lenders have little bargaining power to get their money back. In large countries such as the US, foreclosures are quite common, especially following the burst of housing price bubbles, and governments have intervened, both directly and indirectly, to help low income borrowers avoid foreclosures through debt restructuring and loan write-offs. Foreclosed properties are typically auctioned off at below market prices and can have a significant impact on valuation of nearby properties. Data on foreclosures are also used as indicators for the strength of the housing market.
 
Keyword(s)
Financial markets
Mortgage
Foreclosure

Primary Data

Project title
Studying home foreclosures in India
Project Coordinator
Organization
 
Status
Completed
Expected Completion
17-04-2012