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100			_aLundholm, M. _929879
245			_aCompensation and socio-economic status of borrowers in foreclosure: Evidence from Swedish micro-data
260			_aJournal of Consumer Policy
300			_a44(1), Mar, 2021: p.95-116
520			_aProper compensation during foreclosure is essential to any effort to protect borrowers as consumers. However, the effectiveness of consumer protection and other safety nets during foreclosure has been debated within academia. This study contributes to this debate by exploring socio-economic group differences related to the compensatory potential of foreclosure proceedings. It employs micro-level data on foreclosure auctions in Sweden from 2000 to 2014. The results indicate that there is a correlation between high socio-economic status and a greater potential for compensation and that this is likely not explained by appraiser bias. This article discusses these empirical findings in terms of the need for strict consumer protection regulation and other safety nets, such as alternative mortgage products or debt relief, to ensure that there is a potential for compensation for all borrowers in foreclosure, regardless of socio-economic status. – Reproduced
650			_aConsumer protection, Compensation, Socio-economic status, Mortgage, Foreclosure _928384
773			_aJournal of Consumer Policy
906			_aCONSUMER PROTECTION
942			_cAR