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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President Barack Obama

The U.S. banking sector has seen terrible declines over the past few years, due to the mortgage crisis and overall financial decline of the country, under presidents George W. Bush, then Barack Obama. The government, at the taxpayers expense, has given major U.S. banks billions of dollars from the Treasury, to keep them afloat. However, despite these funds coming courtesy of the taxpayers, a number of banks are still making it as difficult as possible for homeowners to obtain mortgage modifications to remain in their properties.

Standard tricks being used on homeowners run the gamut. They range from pretending they did not receive documents that were faxed or mailed to the bank(s), despite established couriers such as the U.S. Postal Service, Fedex and UPS, providing mailing confirmation, to not notifying property owners of the options available to save their homes.

If banks keep playing with homeowners, opting for the quick buck in trying to rush people out of their homes to auction off properties in a market so overcrowded and poor nothing is selling, they will see massive revenue declines again. Kicking distressed homeowners to the curb is not the way to financial profitability, but long term losses (as in loss of mortgage interest payments over time had they straightened out said loans).

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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

Man Shot To Death At Rapper Rick Ross' House In Miami

Police Are Investigating The Incident

Rick Ross

An unnamed 40-year-old man was shot to death at a Miami home belonging to rapper Rick Ross. He was found dead in Ross' driveway, in an incident that currently has more questions than answers. Due to the fact the property in question is listed in Ross' name, police want to question him about the murder.

Previously, Ross was featured on an episode of "MTV Cribs" which showcases celebrity properties on television. He is a former Florida corrections officer from a local prison, which caused controversy in his rap career, as hip hop sees police as the enemy. Coincidentally, Ross was not home at the time the body was discovered by authorities.

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