The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Foreclosure, Economics of

  • K. Gerardi
Reference work entry


This entry describes the economics of foreclosure with respect to US residential mortgage markets from the perspective of both the borrower and the lender.


Deed-in-lieu Default Equity Forbearance Foreclosure Loan modification Mortgage Short-sale 

JEL Classifications

D11 D12 G21 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • K. Gerardi
    • 1
  1. 1.