Thursday, April 5, 2012

After the foreclosures, redlining.

Here's news of a nasty refinement on the evil of foreclosures, via the Baltimore Business Journal: once a bank has taken a house, it may give the closed-up property more care or less depending on the perceived race of the surviving neighbors. The report is based on investigation by a coalition of several housing civil rights groups, led by the National Fair Housing Alliance. And they say they have litigation in mind next. Press release here, whole report here.

Not all that surprising, but sad as hell.

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