Showing posts with label foreclosures. Show all posts
Showing posts with label foreclosures. Show all posts

Friday, July 24, 2015

Boycott First Guaranty Mortgage Corporation And Coester VMS Who Are Scammers And Con Artists Engaging In Discrimination While Ripping Off People Seeking Mortgages


First Guaranty Mortgage Corporation

Beware of the companies First Guaranty Mortgage Corporation and Coester VMS, as they are discriminating against minorities, people with disabilities and immigrants, who apply for mortgages. This is illegal in America and violates federal and state laws. However, they are doing this. First Guaranty Mortgage Corporation uses the faulty appraisal company, Coester VMS, who collects hefty fees, then undervalues properties, destroying good real estate deals. This also allows others affiliated with them to swoop in on equity laden properties, such as those under foreclosure that are up for sale, despite the fact mortgage applicants found the properties fair and square.

 

Coester VMS (Value Management Services)

First Guaranty Mortgage Corporation leaves the appraisal process for last, running up thousands in fees that mortgage applicants must pay in order to obtain a loan. By the time mortgage applicants are thousands of dollars into the process, thinking their loan will close on the date issued, within a couple days of closing, First Guaranty Mortgage Corporation calls the entire thing off.


First Guaranty Mortgage Corporation

This costs mortgage applicants thousands of dollars in real estate fees. Then, First Guaranty Mortgage Corporation will encourage mortgage applicants to find another property to start the paperwork heavy process all over again, running up thousands of dollars in additional fees. Buyer beware. Avoid First Guaranty Mortgage and Coester VMS. Seek your loan and appraisal needs elsewhere, lest you lose thousands of dollars and waste valuable time.

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Thursday, June 18, 2015

U.S. Foreclosures Spike Again Indicating Trouble In The Financial Sector


U.S. President Barack Obama

As much as the Obama administration is touting its allegedly robust and growing economy, the numbers are stating something quite different. Manufacturing is down and the economy did not grow at the rate Wall Street predicted.  Millions of Americans are still unemployed, with many dropped from the official national unemployment count to give the appearance of better economic numbers.

Today it has been reported by mainstream news agency Reuters that U.S. bank foreclosures and repossessions have spiked to a 19-month high. During the month of May, 126,868 homes were reported as being in foreclosure, with the number rising. Most of these homes represents households with multiple individuals of all ages, which means millions of people are being negatively impacted by it. This indicates another emerging crisis the government needs to address. If things were as great with the economy as the administration states, foreclosures would not be spiking.

STORY SOURCE

U.S. foreclosure activity up in May as bank repossessions rise.

Markets | Thu Jun 18, 2015 12:06am EDT - Bank repossessions rose again last month, driving overall U.S. foreclosure activity to a 19-month high on an annual basis, industry firm RealtyTrac said on Thursday. A total of 126,868 homes across the country were at some point in the foreclosure process in May, up 1 percent from April and up 16 percent from the same time last year, RealtyTrac said. Foreclosure activity includes foreclosure notices, scheduled auctions and bank repossessions.

Lenders reclaimed a total of 44,892 homes in May, down 1 percent from April but up 58 percent from a year ago. May was the third straight month of annual increases in bank repossessions, which remained far below the peak in September 2013 when lenders reclaimed 102,134 properties. Foreclosure starts were down 1 percent in May, but rose 4 percent from the same period last year, RealtyTrac said. Lenders started the foreclosure process on 51,414 properties last month...

Thursday, October 16, 2014

U.S. Stock Market Plunges 450 Points


U.S. Stock Market

U.S. stocks dropped 450 points today, sending shock waves through Wall Street. It was the worst decline in three years, with many scrambling to save their investments. By the end of trading today, the DOW regained 262 points, after a big rally to boost stocks.

The U.S. economy is still struggling under the weight of unemployment, foreclosures and rising cost of living expenses, hitting people's pocketbooks. The Ebola cases surfacing in America has also impacted the stock market in a negative way. 

Friday, September 20, 2013

Stephon Marbury Facing Foreclosure On Million Dollar Condo After Paying Off Mistress


Tasha and Stephon Marbury

In 2012 former NBA basketball player Stephon Marbury, lost his Los Angeles mansion to foreclosure. One year later it is happening again. Marbury is facing foreclosure on his million dollar New York City condo. This is ironic, as he probably now regrets paying off his former private chef, to keep quiet about the details of their extramarital affair. He could have used that money to pay off the mortgage on his condo.

His wife, Tasha Marbury, is featured on this season's "Basketball Wives" reality show, where she briefly answered questions about his hurtful affair. Tasha confirmed it to her fellow reality stars, who looked a bit stunned and saddened. At the end of the day no one deserves a payoff for damaging someone's marriage.

It was a betrayal of his wife's trust for the chef to be in her home, collecting a paycheck and fooling around with her husband. Stephon's wife has stuck by him, yet the chef has abandoned him, even taking him to court for money she was not morally entitled to in any fashion. Now he sees who truly loves him.

Wednesday, May 1, 2013

Fantasia Loses Mansion In Foreclosure After Wasting Money On Married Man


Fantasia

American Idol winner, Fantasia Barrino, is the latest star to lose a property to foreclosure. Rather than fight the foreclosure, Fantasia signed the $1,100,000 North Carolina house over to the bank. This marks the second time it entered foreclosure territory. Barrino even tried selling the house for $500,000 less than she purchased it for, but there were no takers.

Problems occurred when Barrino began living beyond her means and wasting money. The Judiciary Report has consistently written that people should save their money, not spending it all at once, expecting more will roll in.

Fantasia bought too many luxury vehicles and designer clothes. To make matters worse, she began wining and dining a married man, Antwaun Cook, buying him expensive clothes and taking the adulterer on lavish vacations. Said money could have gone to paying her mortgage. Another option would have been renting out the property.


Fantasia's foreclosed home

With all the single men about, Fantasia should have chosen one of them and saved her money. The Judiciary Report stated from the start Cook did not love her and was only with her for the money and fame. Now one’s gone and the second is fading.

Due to my dad’s job and that of many of our family friends, I’ve seen and heard about many stars hitting hard times, after being famous. That’s how the industry has always worked. One minute your up and the next, not so much.

To survive fame, you have to keep your wits about you, save your money, pick safe investments and do not indulge in vices such as drugs or end up on the scrap heap, broke and broken like so many before you. When you think about it, fame can be a sick game.

Thursday, December 13, 2012

Banks Couldn't Wait Until The Election Was Over As U.S. Foreclosure Rates Are Surging Again

       

Barack Obama 

A new report indicates foreclosures in America are soaring again. Foreclosures reached a 9-month high by the end of November 2012, after the U.S. presidential election. Banks completed nearly 60,000 foreclosures in November 2012, which will negatively impact the economy in a number of ways. The government has not done enough to help homeowners, who are being trampled in the court system.

STORY SOURCE

Thursday, December 6, 2012

Mortgage Problems Still Plaguing The U.S. Economy As People See Their Homes Wrongly Taken And Widows Have No Say


Delores Dingman

Numerous reports concerning America continue to indicate the same issues the Judiciary Report first reported five years ago, regarding problems with the economy, such as the mortgage crisis, continue to plague the nation. Banks are not being held to account and some are using it as an avenue to rip off and rob Americans. 

Widows are complaining their spouses' deaths has led to them fighting banks to stay in their homes. Banks are misapplying and using obscure statutes and rules, probate problems and convoluted paperwork to get widows out of their homes to liquidate properties. It is being done with the goal of questionably adding to bank profits on the stock market.

In other cases, banks are outright stealing people's homes. In the past, the Judiciary Report has written of people in America who paid off their homes, then the bank seeing a prime opportunity to make ill-gotten money, foreclosed on the mortgage free properties and pushed it through the court system.

Another such case has surfaced. ABC News published the story of Delores Dingman of Tualatin, Oregon, who has been fighting Wells Fargo bank for 3-years, as she has been paying her mortgage on time, but they placed her home in foreclosure anyway. Dingman has incurred $12,000 in legal fees trying to fight the bank.Wells Fargo purchased Wachovia Bank, who held Dingman's original equity mortgage. She is of the belief Wells Fargo failed to apply her payments when they purchased Wachovia.

As stated in my lawsuit, Aisha v. FBI filed under the Freedom Of Information Act, I leased a home from a millionaire newscaster in Miami and they foreclosed on her home in an act of malice. Her lawyer had to produce her bank account documents showing payments have been made and on time, to get them to back off, as they were about to swindle her home under a robo-signed foreclosure, on one of five properties she owns.

Though there was no changeover or acquisition of the bank holding the mortgage on the property, her lawyer discovered the bank did not credit any of the payments she submitted and the problem occurred at the time I moved in. I saw the documents with my own eyes and have a copy of it. Prior to that, the same thing was done to my former home in Miami, which had a lot of equity in it. 

Washington Mutual criminally placed it foreclosure in an act of malice and the bank refused to correct what they had done, leading to me having to retain a lawyer and fight them in court for years in a terrible mess. I had to sell my house quickly to extract the equity and get rid of the horrible bank, which angered me and resulted in me calling for a boycott of them online. 

As the phrase goes, "God don't like ugly" and Washington Mutual sensationally collapsed shortly after. It's quite ironic. Washington Mutual forced me into a proverbial fire sale of my equity packed home, via their criminal deeds. They even stole some of the equity in the property. Then Washington Mutual was ironically forced into a fire sale of their entire bank shortly after and were bought by Chase for pennies on the dollar when the bank collapsed. You reap what you sow.   

There are other stories of banks foreclosing and seizing homes with a significant amount of equity and little or no money owed on them, in acts of greed and theft, to boost their bottom line. Too many people in America have complained of this, with the documents to prove it, indicating there is a problem. Something very bad is happening but the government has not done enough to stop it.

Monday, November 12, 2012

Toni Braxton's Sprawling Georgia Mansion On The Block In Foreclosure Auction


Toni Braxton

Toni Braxton has lost a second home to foreclosure, during her messy bankruptcy case that has already provoked the wrath of the court's trustee, due to the Grammy award winning singer allegedly trying to hide money via her husband ($55,000). Losing one property is bad enough, but two must be tough.

 

First her Las Vegas mansion went and now her lovely Duluth, Georgia mansion, featured in her family's reality show "Braxton Family Values" has been placed on the auction block by the bank, due to nearly a dozen consecutive missed payment. Braxton and her family are also facing claims they have failed to play a company that landed them lucrative advertising for their reality show. It appears Braxton's finances are still in a bad way.

Tuesday, September 18, 2012

The Obama Administration And The Foreclosure Crisis That Is Hitting Homeowners In Three Ways

    

Barack Obama

In my experiences with trying to help friends save their homes from foreclosure and or foreclosure auctions, I have witnessed banks pull just about every stunt in the book against homeowners. The Obama Administration has not done enough to rein in certain banks, who are not acting in the best interest of homeowners.

There are three main issues to consider in attempting to save a home, mainly via mortgage modifications. The three issues are the mortgage/payment, back taxes and insurance. Cities in America are demanding yearly property taxes that are due and banks are refusing to grant modifications without back taxes and or missed insurance payments being paid and brought current. 

City tax collectors are even foreclosing on homes whose mortgages are current, but taxes are delinquent. Some of the amounts owed are relatively small, yet properties are being seized and auctioned to satisfy the amount, as the homeowner placed their limited resources into making mortgage payments. 

It seems homeowners in America can't win and it is up to the government to make laws to help people in this regard or millions more foreclosures are on the way. If the federal government (FBI, DOJ and SEC) had done their jobs in properly regulating and investigating the practices of banks and the corporate sector on the whole, the sub-prime crisis would not have happened and millions of people in America would still be in their homes. Therefore, it is the government's duty to fix a problem that is raging out of control and damaging millions of people. However, the past four years have indicated the Obama Administration is unable to fix the problem that can be fixed.  

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Friday, September 7, 2012

The U.S. Economy Refuses To Stabilize Due To Several Factors That Need To Be Dealt With

 

Barack Obama

The U.S. economy continues to shed jobs, businesses and homes at a dangerous rate. After almost four years under a Barack Obama presidency, the economy refuses to stabilize, due to failure to implement long term plans to spur growth on a consistent basis.

Too much stimulus money was issued and the funds that were disbursed did not evenly go around or reach where it was most needed. Significant sums of money did not land on the most fruitful ground in sectors of business and trade positioned to reap the most returns for the taxpayers' money, much of which has been hoarded and sent offshore.



Ben Bernake

What occurred was flat-out cronyism. If you were in good with the president and his administration, you were generously rewarded with taxpayer stimulus money, without due diligence or a solid, viable business plan to grow the people's money.

This formula has produced terrible results, yet the Obama Administration keeps using it, hoping things will somehow improve. Einstein defined the definition of insanity as repeatedly doing the same thing and expecting different results.

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Friday, August 24, 2012

The U.S. Economy Takes Another Nose Dive On Dismal Job Numbers And Negative Manufacturing Data


The press is calling President Barack Obama a "false prophet" who has prophesied and promised much, but failed to deliver as his words and guarantees have not come true.

The U.S. economy has taken another negative plunge, as the jobless rate rose against last week. Factory data was negative as well. The news on the job market and manufacturing sector in America sent stocks tumbling on Wall Street. Investors are very nervous.

It is further proof America is still mired in a financial depression, not recession, as the problem with economic erosion, beginning in 2008, has continued unabated for years. The financial sector is in bad shape and with good reason, the Obama Administration and its federal government components the FBI and SEC have refused to clean up corporate America, removing the criminals that are wreaking havoc.

The once solid economic balance in America has been destroyed thanks to criminals in the corporate sector. America has become a country where innocent people toil for years, putting in hard work, then have nothing to show for it, due to unemployment, foreclosure and financial fraudsters

With millions of Americans unemployed and facing foreclosure, the economic outlook looks grim. A change is needed to stop America from falling any lower down the global economic ladder that it once topped. 

STORY SOURCE

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Monday, August 20, 2012

Have Chad Ochocinco Johnson And Evelyn Lozada Ruined Their Careers


Evelyn Lozada and Chad "Ochocinco" Johnson

Have football player and domestic violence suspect Chad "Ochocinco" Johnson and his wife of a month and a half, reality star Evelyn Lozada, ruined their careers, with the recent physical altercation that occurred in their South Florida home.

To recap, an enraged Lozada began questioning Johnson about an incriminating receipt she found for condoms. Johnson erupted in rage and head butted Lozada, leaving a 3 inch gash on her forehead. She fled to a neighbor’s house and called the police.

The couple’s VH-1 reality show "Ev and Ocho" has been cancelled and will not air according to the network and Johnson lost his lucrative contract with NFL team the Miami Dolphins, after being dropped by the New England Patriots. Johnson has also lost an endorsement deal with Zico coconut water. Lozada has cancelled public appearances in support of her book.

Blogs and tabloids seek interviews on the destruction of their marriage, but other areas of commerce do not want to touch the couple with a ten foot poll. Their financial prospects have been greatly diminished as a result of Johnson attacking Lozada.

To add to their woes, one day after the Judiciary Report asked how Johnson would maintain the lavish lifestyle he and wife (who has filed for divorce) enjoyed (How Will Chad Ochocinco Johnson And Evelyn Lozada Support Their Lavish Lifestyle After Being Fired Twice This Week Due To Domestic Violence) it was revealed his $400,000 condo is headed for foreclosure, for failure to pay higher than average maintenance fees of $863 per month. The outstanding balance is $28,703.

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Tuesday, July 3, 2012

The Discriminatory Tactics Of Rupert Murdoch's News Corp In The Phone Hacking Case




Rupert Murdoch and wife Wendi Murdoch


[Article background: this is another in the series of phone hacking articles the Judiciary Report has published, regarding a scandal I broke first in October 2005, via a police complaint I filed with the Metropolitan Police in London, England. 50 people have been arrested by the Metropolitan Police since the time I filed the complaint. However, the Murdochs and other key conspirators remain free and the FBI has not arrested anyone, though the crimes began and continue in News Corp's New York headquarters]

News Corp CEO Rupert Murdoch has been described as a ruthless businessman, but let's be frank here. The man is a criminal. So desperate is he to destroy and rob the competition, he hired hackers to break into rivals' business computers, copy the contents, then sabotage the software to destroy their businesses. That's not competitiveness. That's outright criminality. Murdoch and his children, who are members of the religious cult Kabbalah, have targeted business rivals in ways that also constitute discrimination.

The Murdochs and Kabbalah have placed select businesses and their owners they seek to rob of their company assets, under illegal surveillance, via private investigators and their thugs, phone hacking, computer hacking, wiretapping and stalking. The Murdochs have used employees to call banks demanding loans rivals obtained or try to pursue, be cancelled immediately. They have offered criminal inducements, such as placing their money with said institutions or removing it, if the business and personal loans are not foreclosed on. 





James Murdoch, Elisabeth Murdoch, Rupert Murdoch and Lachlan Murdoch

They have also attacked business rivals, via contacting realtors and property owners their private investigators witness said rivals visit, later demanding they not lease or sell property to them, which is illegal. In one case brutes acting on behalf of Murdoch and the Kabbalah Center, told a realtor they better not lease real estate space to their rival or, "You're not going to like how things turn out for you." That's a open threat.


Not to mention, a very illegal one on two fronts, as it also violated racial discrimination and harassment laws, as the business rival is black (Murdoch is racist and so is Kabbalah). Mark my words, Murdoch and Kabbalah's actions in this regard is going to turn into another big scandal (keep it up and you're going to get indicted and extradited when you least expect it). 


 

Rupert Murdoch

At News Corp and the Kabbalah Center, they sit around on their lazy backsides, criminally accessing people's bank accounts, among other things, trying to calculate ways to rob rivals and run out their money via unethical, illegal means. They file fraudulent lawsuits, sometimes using third parties they bribe to do so, in bids at destroying business rivals assets.

People have obligations to their business partners, employees, spouses, children and this man Murdoch and his sick sect Kabbalah are going around illegally disrupting and destroying people’s businesses to steal their assets and income, in criminal bids to get richer and unlawfully destroy the competition. They are disgusting and depraved people that should be imprisoned. They are not going for the social good of society and development of the business world. They are criminally engaging in acts to destroy it and steal all they can.

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Wednesday, May 30, 2012

Mitt Romney Is Officially The Candidate To Run Against President Obama In The 2012 Election


U.S. President Barack Obama and Vice President Joe Biden

Is Mitt Romney the next President of the United States of America. It certainly looks that way, as many polls have him in the lead, especially important public opinion and tabulating houses, such as Gallup and Rasmussen. Romney has won the nomination by a clear margin, as was expected this year.


Mitt Romney

President Obama has illustrated he is weary of the Romney challenge, as a series of negative ads, seeking to punish his rival Romney for being a wealthy businessman backfired. What President Obama needs to do is turn the U.S. economy around, rather than running a negative campaign, because such action would permit voters to see actual results, rather than bitter public statements, in support of another term in office.

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Wednesday, May 9, 2012

Is Obama A Friend Of Wall Street Or Of The Average Joe

You Decide. Self-Examination Necessary During Financial Crisis.

 

Barack Obama (Photo Credit: Picture Alliance/Photoshot)

Is U.S. President Barack Obama a friend of Wall Street, which is the corporate sector or the average American Joe, also known as the everyday people. The film "The Obama Deception" labels him, "The most Wall Street president in U.S. history." 

Decisions President Obama has made, such as not increasing taxes on the rich, though the nation needs the money, indicates he is more of a friend to the wealthy in the corporate sector, than the average Joe trying to make it on much smaller salaries, such as minimum wage and those in lower-middle income brackets. 

Has this helped America? No. The anemic economy, with ongoing massive job losses, millions of people giving up on finding work after trying for a significant period of time, foreclosures and bank failures, indicate it has not worked. President Obama has not had success in restoring the economy to its former glory, which is not impossible, as other nations are making strong strides even in these tough economic times. 

Former Presidents, Ronald Reagan and Bill Clinton, understood it was wise to keep a safe distance from Wall Street, only providing a supporting role and different degrees of regulation, lest they get swept up in a world of constantly issuing favors for the ingratiating rich, while the poor pay the price. It's a lesson President Obama would do well to observe and it is a shame he did not do so from year one of his presidency.  

Monday, May 7, 2012

President Barack Obama Slams Rival Mitt Romney On Economics

Obama's Track Record Is Giving Him Trouble


Barack Obama

U.S. President, Barack Obama, has publicly slammed Republican challenger, Mitt Romney, on the subject of economics. Romney is a wealthy millionaire with ties to the financial sector. The president's claims are a tough sell, as the Obama Administration has struggled for 3 and 1/2 years with a deteriorated economy that has not rebounded, despite its best efforts. Economics is not his strong suit, as what he is doing has not been working. He needs to try something else.


Mitt Romney 

Romney has spoken of successes he had as the former Governor of Massachusetts and the number of jobs created during his time in office. Either way, the real test will be if he is elected and turns the terribly ailing economy around, which has been struggling with massive unemployment, very slow job growth, sky high deficit and millions of foreclosures. As they say, "The proof is in the pudding." Time will tell.

Legislative Bill Passes To Halt Foreclosures OF Military In The Field



A legislative bill in the U.S. Congress to stop foreclosures against the properties of active servicemen in the military has passed. It is expected to be signed into law shortly. This is a positive development that is long overdue, as the government owes the soldiers for sacrificing and jeopardizing their lives (especially over Bush's senseless wars).

STORY SOURCE

Friday, May 4, 2012

Polls Indicate These Are Obama's Last Few Months In Office But He Does Not Agree


Barack Obama

Polls are indicating U.S. President Barack Obama is set for defeat in the upcoming presidential election. Obama has had a challenging presidency thus far. He inherited a terrible economy from former President George W. Bush and sadly made it worse with massive spending that added $5 trillion to the national deficit. This week, former chairman of the Federal Reserve, Democrat, Alan Greenspan, stated Obama not tackling the deficit was his biggest mistake. It certainly was one of his bigger mistakes.

Frugality in the federal government would have come in really handy, but the Obama Administration's mantra has been the old phrase, "You've got to spend money to make money." But spending money you don't have on risky ventures, such as green initiatives, did not pan out (and the Judiciary Report stated it wouldn't from the start).


Alan Greenspan

America would have gotten a better environmental return in said green realm, simply by doing what Britain has done, in investing more in public recycling trash cans in major cities and given incentives to people that take public transport and cycle, instead of drive. It would have been a good start until additional funds became available in the event the economy improved.

As it stands, the government is scaring businesses away. Obama has refused to give American corporate giants clemency in bring nearly a trillion dollars back to America, after they went abroad seeking a lower tax rate. As a result, other nations have and continue to richly profit from U.S. companies' funds abroad, as said corporate giants are paying taxes in foreign nations and hiring abroad as well for their *cough* "headquarters."

        

Presidential challenger Mitt Romney

Giving corporations a fair tax rate would give many reason to keep or return their businesses to the United States, but the government is playing hardball with them, when the ball really is not in their court to do so. However, individuals that are wealthy should face a slight tax increase on their income to help out during the financial crisis that some of them helped to create via greed and gouging the public in their job posts.  

Thursday, May 3, 2012

5.6 Million U.S. Homeowners Are Behind On Their Mortgage Indicating More Help Is Needed To Rescue Taxpayers


 

Barack Obama

According to the latest housing numbers coming out of America, 5,600,000 Americans have fallen behind on their mortgages, skidding into foreclosure. This is sad and preventable. It is an indication the government is not doing enough to help homeowners, who are the taxpayers. Money designated by President Obama for exploratory initiatives, such as those in the solar and environmental sectors, which have failed, could be used to help homeowners.

Already billions have been lost on the aforementioned exploratory ventures, best suited for a time America is not in a financial crisis, as the Judiciary Report has maintained from before they failed. The rest of the money intended for said exploratory ventures need to be diverted to homeowners with troubled mortgages.

These delinquency numbers would not be so astronomically high, if bank and government modification and foreclosure prevention programs were working correctly. Something is wrong in the system and it needs to be fixed. At some banks, you can't even get modification and foreclosure prevention specialists on the phone. It's often an answering machine and they call you back at the strangest hours, when you are at work and unable to properly discuss your financial situation.

America will not be made better by people losing their homes, so banks can add the properties to their stockpile of homes that are not selling. The stagnation is not healthy for any economy, as the empty homes sit there devaluing and rotting away. More government intervention is need immediately.

STORY SOURCE

Wednesday, April 4, 2012

Report: "Banks Treat Foreclosed Homes Better In Mostly White Neighborhoods"

New Report Alleges Discrimination And Racism

A newly released report by the the National Fair Housing Alliance indicates foreclosed homes in white neighborhoods, were treated better than those in minority areas. This means, after evicting occupants, homes in white neighborhoods received better maintenance by banks, than properties in predominantly black and Hispanic areas.

These prejudices are prevalent in the banking system. For example, the now defunct Washington Mutual Bank, was forced to pay a large settlement for targeting blacks and Hispanics for high risks loans. In another legal action against the kaput bank, it was discovered they targeted non-English speaking customers and those with black or Hispanic sounding names, to saddle with extra mortgage fees, for services they did not need. Regrettably, racism is alive and well in the corporate sector.

STORY SOURCE

Report: Banks Treat Foreclosed Homes Better In Mostly White Neighborhoods

By Chris Morran on April 4, 2012 2:15 PM - While Americans of every possible ethnic and racial group were hit by the massive foreclosures when the economy went KABOOM! a few years back, a new report claims that banks are often giving short shrift to the upkeep and marketing of foreclosed properties in areas with predominantly non-white residents.

Earlier today, the National Fair Housing Alliance released the result of its undercover investigation into how bank-owned properties are treated in nine major metro areas — Atlanta, Baltimore, Dallas, Dayton, Miami/Fort Lauderdale, Oakland, Philadelphia, Phoenix, and Washington, DC.

http://consumerist.com

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