In what ways do economic disparities contribute to disparities in vulnerability to foreclosure fraud?
In what ways do economic disparities contribute to disparities in vulnerability to foreclosure fraud?
Economic disparities heighten vulnerability to foreclosure fraud among marginalized communities. Limited financial resources, coupled with higher rates of subprime lending, exacerbate the risk. Systemic barriers to homeownership further compound the issue. These disparities create fertile ground for predatory practices, disproportionately affecting those already struggling financially. Consequently, marginalized communities face increased susceptibility to foreclosure fraud, perpetuating cycles of economic hardship and widening disparities in wealth and housing stability.
