ABSTRACT

This study contributes to the extant research on foreclosure by focusing on the relevance of lender-borrower relations. Donald Black’s theory of the behaviour of law is assessed by examining the association between revocation of compulsory sale by the lender and four different variables, proxying variations in the scope, history, and frequency of contact between the lender and the borrower. This association is modelled in a logistic regression framework of micro-level data on compulsory sale and mortgage borrowers in Sweden from 2010 to 2014. The results indicate that there are more revocations in cases that are deferred by the lender. There are fewer revocations in cases with digital banks and when there are also other creditors than the lender. These empirical findings partially confirm Donald Black’s propositions about the association between the quantity of law and relational distance, and point at the importance of lender-borrower relations in explaining foreclosure outcomes.

摘要

本研究通过关注贷方-借款人关系的相关性，为现有的止赎研究做出了贡献。唐纳德·布莱克的法律行为理论是通过检查放款人撤销强制销售与四个不同变量之间的关联来评估的，这些变量代表了放款人和借款人之间联系的范围、历史和频率的变化。该关联以 2010 年至 2014 年瑞典强制销售和抵押借款人微观数据的逻辑回归框架为模型。结果表明，在贷方推迟的案件中，撤销的情况更多。在数字银行以及除贷方之外还有其他债权人的情况下，撤销的次数较少。