Living Near a Foreclosed Home? You Lose.
By
The Editors
|
November 30th, 2010
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Category:
Economic Justice
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By Doug Miller
African-American and Latino borrowers – already staggering under greater financial losses than whites in the wake of the U.S. mortgage foreclosure scandal – face an additional loss of an estimated $360 billion in cumulative family wealth from an associated decrease in neighborhood property values, according to recent testimony before Congress.
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