Tag: minority communities
-
“From the Have-Nots to the Haves”: Skewed Taxation Is Moving Deeds from Homeowners to Investors
As our readers know, property tax is an under-the-radar cost of acquiring a deed. Property taxes are up 27% from pre-pandemic days, according to CoreLogic figures. The communities struggling the most appear to be paying the most, a recent ABC television investigation found. An ABC News report shows how “homeowners in minority communities often face…
-
When Some Buyers Are More Equal Than Others: Will the U.S. Government “Reboot Redlining”?
Not long ago, New Jersey-based OceanFirst Bank agreed to pay more than $15 million in a settlement with the federal government. This was to resolve the government’s allegations that, for several years, beginning in 2018, the bank violated the Equal Credit Opportunity Act and Fair Housing Act. The problem involved an alleged pattern of ignoring…
