People with high socio-economic status get more value for their properties when faced with foreclosure
High income and education level, and being married are beneficial if you end up unable to pay your mortgages. In a quantitative study published in the Journal of Consumer Policy, doctoral candidate in sociology of law Mikael Lundholm found that “higher socio-economic status is positively correlated with greater potential for compensation” during a foreclosure. He also concludes that this correlati