A new study of more than 4,000 California foreclosures suggests that borrower behavior, such as equity stripping and multiple liens, is a principal culprit, even more than market forces. Prof. Michael LaCour-Little of California State University-Fullerton, discusses his findings in a podcast with ABI Executive Director Sam Gerdano.
For a summary of the study’s findings, please click here
To read the full study, “Follow the Money: A Close Look at Recent Southern California Foreclosures,” please click here.
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