打印

作者

来源

URBAN AFFAIRS REVIEW,Vol.53,Issue5,P.868-897

语言

英文

关键字

foreclosure; New York City; multilevel modeling; CONDITIONAL-PROBABILITY; MORTGAGE TERMINATIONS; IMPACT; DEFAULT; VALUES; BORROWERS; RACE

作者单位

[Perkins, Kristin L.] Harvard Univ, Sociol & Social Policy, Cambridge, MA 02138 USA. [Lear, Michael J.] Community Dev Trust Inc, Cambridge, England. [Gaumer, Elyzabeth] City New York, New York, NY USA. Perkins, KL (reprint author), Harvard Univ, Dept Sociol, William James Hall,33 Kirkland St, Cambridge, MA 02138 USA. E-Mail: kperkins@fas.harvard.edu

摘要

Recent research suggests that foreclosures have negative effects on homeowners and neighborhoods. We examine the association between concentrated foreclosure activity and the risk of a property with a foreclosure filing being scheduled for foreclosure auction in New York City. Controlling for individual property and sociodemographic characteristics of the neighborhood, being located in a tract with a high number of auctions following the subject property's own foreclosure filing is associated with a significantly higher probability of scheduled foreclosure auction for the subject property. Concentration of foreclosure filings prior to the subject property's own foreclosure filing is associated with a lower probability of scheduled foreclosure auction. Concentrated foreclosure auctions in the tract prior to a subject property's own filing is not significantly associated with the probability of scheduled foreclosure auction. The implications for geographic targeting of foreclosure policy interventions are discussed.