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... > contexts > demography > residence characteristics > housing > housing affordability > foreclosures
... > contexts > population characteristics > health > public health > epidemiologic measurements > demography > residence characteristics > housing > housing affordability > foreclosures
... > contexts > population characteristics > demography > residence characteristics > housing > housing affordability > foreclosures

Preferred term

foreclosures  

Definition

  • Residential foreclosures occur when homeowners with mortgages default on their loans and lenders choose to exercise their collateral claim on the home. The U.S. foreclosure rate increased dramatically in the late 2000s as a result of high rates of subprime lending during the earlier part of the decade. [Source: The Encyclopedia of Housing; Foreclosures]

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https://concepts.sagepub.com/social-science/concept/foreclosures

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