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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Justin Bieber And Selena Gomez To Live In Sin In New Hollywood Mansion Overlooking Lake

Currently Occupied By Ashton Kutcher

Selena Gomez and Justin Bieber

As Justin Bieber turned 18 this month, which under the law finally makes him an adult, his 19-year-old girlfriend, Selena Gomez, is no longer breaking the law in having sex with him. She also no longer has to read tweets on Twitter and posts on other sites from his fans dubbed "Beliebers" calling her a pedophile, as their relationship began when he was 16-years of age and Gomez is soon to turn 20.

Selena Gomez and Justin Bieber

According to reports, the two are about to buy a Hollywood mansion, where they will live in sin together, despite the fact Bieber says he is a Christian. The home is currently being rented by Bieber's Kabbalah pal and co-worker, Ashton Kutcher, who has been leasing it for $50,000 per month. Kutcher, 33, has abandoned his marriage to 49-year-old cougar, Demi Moore, who is devastated at the thought and sight of him parading all over the world with numerous women.

STORY SOURCE

Justin Bieber has splashed out $10.8 million on a mansion in the Hollywood Hills which he plans to share with girlfriend Selena Gomez

8 March 2012 - Justin Bieber has splashed out on a $10.8 million mansion in the Hollywood Hills. The 'Baby' hitmaker - who turned 18 last Thursday (01.03.12) - has treated himself to the lavish five bedroom, 9,400 sq ft home overlooking Lake Hollywood, which he wants to share with his girlfriend Selena Gomez. However, the young couple can't move into the property just yet as Ashton Kutcher has been renting the palatial pad for $50,000 a month since his split from wife Demi Moore last year.

http://home.nzcity.co.nz

Where Did Whitney Houston's Money Go And Did She Die Broke

The Numbers Speak For Themselves

Whitney Houston

Many are wondering about reports of Whitney Houston dying broke, as stories surfaced weeks before her death with said claims. Each of Houston's tours in her hay day, tied in with merchandising deals, would pull in $30,000,000 to $40,000,000. Her record sales and increased royalty rate should have netted her at least $125,000,000 for 170,000,000 albums and singles sold. Her work in the film industry brought in additional millions. She was one of the highest paid black stars in entertainment history.

She should have accumulated a $250,000,000 fortune. In terms of real estate, in her lifetime, Houston bought $15,000,000 in properties in Mendham, New Jersey, a $2,000,000 condo in Miami, a $1,500,000 home in Atlanta and a $5,000,000 home in Los Angeles. In the early 1990s, when a $2,000,000 Atlanta mansion belonging to Houston's ex-husband, Bobby Brown, went into foreclosure, she paid to save the property.

Taxes, upkeep and staff on the aforementioned homes had to have cost her at least 8 figures over the years. Then, there's security costs that had to run into the millions over her 25-year career. Figure in another $5,000,000 to $10,000,000 for luxury cars over the years and a few million more for clothes and jewelry.

Houston and her husband had a serious drug habit during their marriage, which on average in celebrity circles could cost upwards of $1,000 per person per day, $2,000 per day for the couple, that's roughly $56,000 per month, $672,000 per year and $9,048,000 over 14 years of marriage. Houston and Brown remained on drugs after their divorce, racking up more drug tabs. They had each entered rehab again in recent years.

Houston also reportedly gave her daughter a $5,000 per month allowance. The family took many expensive vacations, traveled by private jet and spent lavishly on shopping sprees over the years. Still, with all the aforementioned expenditures, even after taxes, Houston should not have been broke, but something was wrong, as her properties were going into foreclosure and being sold in fire sales.

Houston had a lot of people in her life after her money and assets. At one point, they even duped her ailing father/manager, in attempts at fleecing the family. I can't help but think different people may have been stealing her money, as there were industry fights over her cash and all her earnings should not have been gone. Her daughter will be provided for via posthumous sales of Houston's music, but Bobbi Kristina Brown may be fleeced as well, regarding the parasites at Sony Music and other intermediaries.

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