New York Law School

The Impact of Foreclosure on Racial Minorities

In recent months, there has been a drastic increase in the number of foreclosures in America. This increase in foreclosures is a result of a combination of many factors: the housing market, banks, mortgages, secondary mortgage market, unemployment rates, and the weak economy overall. Foreclosure can have drastic impacts on any family, but recent studies have shown that the effects may have a heavier impact on racial minorities than other groups.

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