The Cost-Effectiveness of Community-Based Foreclosure Prevention

Roberto Quercia, Spencer Cowan, Ana Moreno
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BABC 04-18: In this paper, we examine the cost-effectiveness of community-based foreclosure prevention interventions using two proxy measures: time to resolution and the rate of recidivism. We examine these issues with data from over 4,200 borrowers who received intense casemanagement, post-purchase counseling and/or assistance loans through the Mortgage Foreclosure Prevention Program in Minneapolis-Saint Paul…