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There were 1.5millionforeclosure filings in the first half of 2009.That's more than 3 million homes, with about 7.8 million people living in those homes.What causes these home foreclosures?. Handy Answers. loose lending by mortgage brokers, irresponsible borrowers, a flat real estate market,
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1. The Causes of Home Foreclosures Christopher Robertson, JD, PhDRichard Egelhof, JD, & Michael Hoke, JD, MA
Full report published as "Get Sick, Get Out: The Medical Causes of Home Foreclosures" Health Matrix 18 (2008): 65-105.
2. There were 1.5 million foreclosure filings in the first half of 2009.
That’s more than 3 million homes, with about 7.8 million people living in those homes.
What causes these home foreclosures?
3. Handy Answers loose lending by mortgage brokers,
irresponsible borrowers,
a flat real estate market, and
rising interest rates.
4. Study Method (conducted winter 06/07) Sent 2000 surveys homeowners in California, Illinois, New Jersey, and Florida
Recipients randomly drawn from Westlaw database of notices of foreclosure filed in recent 30 days
Included $1 to encourage response, and used Harvard letterhead and envelopes
Called 500 recipients to encourage responses over the phone
Collected additional property data from Zillow.com on all 2000 homes
5. 7% Response Rate (of good addresses)