PropertyProf Blog

Editor: Stephen Clowney
Univ. of Arkansas, Fayetteville

A Member of the Law Professor Blogs Network

Thursday, August 9, 2012

Nussbaum on ADR’s Place in Foreclosure

NussbaumLydia Nussbaum (Baltimore) has posted ADR’s Place in Foreclosure: Remedying the Flaws of a Securitized Housing Market on SSRN.  Here's the abstract:

Millions of Americans lost their homes during the foreclosure crisis, an unprecedented disaster still plaguing local and national economies. A primary factor contributing to the crisis has been the failure of conventional foreclosure procedures to account for the new realities of securitization and the secondary mortgage market, which transformed the traditional borrower-lender relationship. To compensate for the shortcomings of conventional foreclosure procedures and stem the tide of residential foreclosure, state and local governments turned to ADR processes for a solution. Some foreclosure ADR programs, however, have greater potential to avoid unnecessary foreclosures than others. This article comprehensively examines the key components of foreclosure ADR programs and presents best practices for governments seeking to utilize ADR as a tool to mitigate the foreclosure crisis and re-energize the economy.

Steve Clowney

http://lawprofessors.typepad.com/property/2012/08/nussbaum-on-adrs-place-in-foreclosure.html

| Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef01774401593d970d

Listed below are links to weblogs that reference Nussbaum on ADR’s Place in Foreclosure:

Comments

Post a comment