The Value(s) of Foreclosure Law Reform
Melissa B. Jacoby
University of North Carolina (UNC) at Chapel Hill - School of Law
Pepperdine Law Review, 2010
UNC Legal Studies Research Paper No. 1550842
This symposium contribution examines the starkly different values reflected in traditional legal literature on foreclosure law reform in the U.S. as compared to some more recent entries in the wake of the rise of subprime lending and high rates of residential mortgage default. I highlight economist Dean Baker’s “right to rent” proposal, which would give former homeowners leasehold rights at market rates, to illustrate a more progressive set of housing policy considerations and to challenge the assumption that ownership is essential or optimal to promoting various housing objectives.
Number of Pages in PDF File: 17
Keywords: foreclosure, homeownership, mortgages
Date posted: February 11, 2010
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