Posted by: Lawyer Sanders | June 18, 2010

Kentucky environmental attorney Sanders says research finds minority homeowners are hardest hit by foreclosure mess.

Research shows that the foreclosure crisis is not over, and runaway foreclosures continue to drain hundreds of billions of dollars in wealth from families, hitting communities of color the hardest.

  • An estimated 2.5 million foreclosures were completed from 2007 – 2009, and an estimated 5.7 additional ones are imminent.
  • An estimated 17% of Latino homeowners and 11% of African-American homeowners have already lost their home to foreclosure or are now at imminent risk.
  • The great majority of homes lost were owner occupied, as are those at imminent risk of being lost.
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