: A paper on ResearchGate notes that banks often have superior information regarding property quality compared to individual bidders because they conducted appraisals before the original mortgage was granted.
Research often focuses on how foreclosure auctions affect local housing markets and the subsequent use of those properties: buying a home at a foreclosure auction
General Information About Real Estate Purchases at Foreclosure Sale : A paper on ResearchGate notes that banks
Papers intended for legal or real estate practitioners emphasize the unique risks of these transactions: buying a home at a foreclosure auction
: A study published in PMC - NIH finds that foreclosures have a significant negative impact on the listing prices of nearby homes, with prices within 150 meters dropping by roughly 1.1%.