WebBlockbusting An illegal practice in which licensees or others encourage homeowners to sell because of an influx or expected influx of minorities into the area Redlining The practice of a lender to refuse to lend in a specific area, often based on the minority makeup of the area. WebMORTGAGE ETHICS Term 1 / 21 Inducing owners to sell homes by suggesting the neighborhood's ethnic or racial composition is changing, with the implication that property values will decline, is a prohibited act called A. COUNSELING B. BLOCKBUSTING C. REDLINING D.FLIPPING Click the card to flip 👆 Definition 1 / 21 B. BLOCKBUSTING
Affinity Real Estate and Mortgage Services Flashcards Quizlet
Webblockbusting [ blok-buhs-ting ] SHOW IPA noun the profiteering real-estate practice of buying homes from white majority homeowners below market value, based on the … WebDec 19, 2024 · A qualified mortgage is a mortgage that meets certain requirements for lender protection and secondary market trading under the Dodd-Frank Wall Street Reform and Consumer Protection Act, a... midge ure rock city
How Blockbusting and Real Estate Profiteers Cash In on Racial …
WebApr 26, 2024 · Some of the most common examples of blockbusting include: When real estate agents alert the members of a neighborhood that it is “changing,” and that they should sell their property; Making house-by-house telephone calls urging members of a neighborhood that they should sell before their property values decrease; and. WebFeb 13, 2024 · Blockbusting is a historic housing practice where real estate agents, developers, and speculators would convince white homeowners to sell their homes by … WebJan 5, 2024 · Blockbusting & Panic Peddling in Real Estate: Definitions & History ... What is an Assumable Mortgage? - Definition & Requirements 4:26 Panic Selling in Real Estate Universal vs. General ... midge ure symphony hall