New Paper on Foreclosure Crisis by Prof. Eric Seymour

April 17, 2024

Prof. Eric Seymour co-authors Judged by Their Deeds: Outcomes for Properties Acquired by Contract Sellers Following the Foreclosure Crisis in Detroit


Prior research has documented the reemergence of predatory land contracts in majority-Black neighborhoods in the wake of the foreclosure crisis. Though land contracts facilitate property transfers involving lower-value properties and credit-constrained households, they are less regulated and often include risky terms. This paper investigates outcomes associated with properties sold using land contracts signed between 2008 and 2015 in Detroit, leveraging real estate transaction, tax foreclosure, and eviction and land contract forfeiture records. We also assess outcomes for the broader portfolio of properties purchased by large contract sellers. We find that sales by large contract sellers are generally associated with higher odds of near-term failure. We also find that investors using contract sales withheld property taxes on much of their inventory, consistent with a short-term triage-based business strategy. Conversely, the single large non-profit contract seller in our study had a far higher rate of success compared to all other contract sales. These results provide evidence of negative outcomes for sales initiated by problematic entities and supports arguments for stronger regulation of land contracts and upstream interventions to prevent predatory investors from acquiring discounted homes from public and institutional sources.

Read Article

Seymour, E., & Akers, J. (2024). Judged by Their Deeds: Outcomes for Properties Acquired by Contract Sellers Following the Foreclosure Crisis in Detroit. Housing Policy Debate, 1–21.

Eric Seymour, PhD. is an Assistant Professor researching community development, housing, informatics, statistical research methods, and GIS

Recent Posts

Joel Cantor Op-Ed: Why Our Healthcare Costs are so High

Op-Ed: Why our health care costs are so high — and keep rising Read original post on NJ Spotlight News, May 21, 2024 Why are health care costs rising so fast? I put that question to my Rutgers University graduate students in the first session of their health policy...

Bicycle Lanes Have a Calming Effect on Traffic – Study

A research study by Bloustein School researchers and faculty members Hannah Younes, Clinton Andrews, Robert Noland, Wenwen Zhang, and Leigh Ann Von Hagen, and others, was featured in Discerning Cyclist. The study, The Traffic Calming Effect of Delineated Bicycle...

MHA program earns CAHME Reaccreditation

The Bloustein School’s Master of Health Administration program has been awarded reaccreditation by the Commission on Accreditation of Healthcare Management Education (CAHME). “CAHME's mission is to advance the quality of healthcare management education globally....

Courtney Culler Wins Excellence in Student Support Award

Each year, the School of Graduate Studies recognizes the notable achievements of graduate students, faculty, and staff at our annual awards ceremony. These awards recognize important accomplishments in research and scholarship, teaching and mentoring, leadership,...

Rutgers Today Spotlight: Lisa Harrison-Gulla

From Rutgers Today Public Health Career Inspired By Family Legacy and Personal Challenges Lisa Harrison-Gulla began her public health career 30 years ago helping those suffering from addiction in their treatment and recovery. Now, she’s using her experience – along...

Upcoming Events

Event Series Informatics

AI Through a Rutgers Lens (Microsoft) Part 3

Microsoft, 885 2nd Avenue, 34th Floor, New York, NY 10017 885 Second Avenue, 34th Floor, New York, NY, United States

Please join us as we explore the world of AI with help from Rutgers experts who wrestle with these questions daily.
Socially Cognizant Robotics: Preparing for a future in which humans and robots regularly interact and society develops new rules.

Jersey City Alumni Mixer

Zeppelin Hall Biergarten 88 Liberty View Dr, Jersey City, New Jersey

Join us for an alumni mixer in #JerseyCity on Thursday, June 6th at Zeppelin Hall Biergarten. Parking for Zeppelin Hall is FREE - more information can be found here: This […]