Sentences with phrase «properties in white communities»
The study included over 1,000 repossessed homes in nine major markets, concluding that the properties in white communities «generally appeared inhabited, well - maintained, and attractive to real estate agents and homebuyers,» whereas the properties in minority communities were «more likely to have overgrown yards littered with trash, unsecured doors, broken windows, and indications of marketing as a distressed sale.»
http://re-insider.com/ Not exact matches
Block - busting in this case is the practice of purposefully selling a house to a Black family in an all - white community and then pressure the white families to sell their properties at a price below market value «in order to «get out» before more blacks moved in and their home values dropped even further.»
The investigation also revealed that BofA's real estate owned (REO) properties in minority communities were two times more likely to have ten or more maintenance or marketing problems than those in white communities, and 4.5 times more likely to have more than fifteen maintenance or marketing problems.
Other banks have donated properties and demolition funds, but PrivateBank is the first to make a direct investment with the land bank in communities, White said.