The Foreclosure Echo: How the Hardest Hit Have Been Left Out of the Economic Recovery (Introduction)
22 Pages Posted: 13 Aug 2019 Last revised: 10 Oct 2019
Date Written: August 9, 2019
This paper includes the Table of Contents and Introduction to a book recently published by Cambridge University Press: It tells the story of the foreclosure crisis from a new perspective – that of ordinary people who experienced it. Using actual experiences – often examined through a legal lens – supplemented by economic, social science and legal research, The Foreclosure Echo explains how people experienced the crisis and how their lenders and public institutions let them down. The book also details the lingering effects of the crisis – such as vacant and abandoned buildings – and how these effects have magnified inequality. Finally, the book suggests reforms that could help avoid another crisis.
Keywords: foreclosure, mortgage, financial institutions, financial crisis
JEL Classification: R31
Suggested Citation: Suggested Citation