This paper traces the history of mortgage law in the United States. I explore the history of foreclosure procedures, redemption periods, restrictions on deficiency judgments, and foreclosure moratoria. The historical record shows that the most enduring aspects of mortgage law stem from case law rather than statute.
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- Digital object identifier: 10.1086/680931
- Identifier TypeInternational standard serial numberIdentifier Value0022-2186
- Identifier TypeInternational standard serial numberIdentifier Value1537-5285
- Copyright 2014 by the University of Chicago Press. View the article as published at http://dx.doi.org/10.1086/680931, opens in a new window
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Ghent, Andra (2014). How Do Case Law and Statute Differ? Lessons from the Evolution of Mortgage Law. JOURNAL OF LAW & ECONOMICS, 57(4), 1085-1122. http://dx.doi.org/10.1086/680931