May 18, 2013 9:21 PM • Log InREGISTER

Money > Home Ownership

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Don’t Blame Minority Homeowners for the Housing Crisis

Real estate expert Ingrid Beckles says contrary to some opinion, minority and low-income homeowners are not to blame for the housing crisis

Real estate expert Ingrid Beckles says contrary to some opinion, minority and low-income homeowners are…

By Ingrid Beckles

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photo: Quantrell D. Colbert

Make Your Mortgage Affordable

Improve your chances of getting approved for a home loan modification

Kimberly Whitehead was just a week shy of seeing her foreclosed one-bedroom condominium in Atlanta…

By Carolyn M. Brown

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How to Benefit from Making Home Affordable Refinance Program

What you need to know to take advantage of President Obama's revised plan for underwater homeowners

Real estate expert Indrid Beckles tells you what you need to know to take advantage…

By Ingrid Beckles

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Is Your Home an ‘Asset’ or a ‘Liability?’

How to know the difference and realize the true value of your home

The Money Coach Lynnette Khalfani-Cox tells you how to know the difference and realize the…

By Lynnette Khalfani-Cox

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The Truth About ‘No Cost’ Loans from Home Lenders

Here's an estimate of what you can typically expect to pay for your mortgage

Here’s an estimate of what you can typically expect to pay for your mortgage

By Lynnette Khalfani-Cox

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Photo by Nick Antony

Property Ladder

Jumoke Dada--young, single and a successful real estate investor

“The rent is too damn high,” is not just the campaign slogan of former New…

By Aisha I. Jefferson

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Photo by Rayon Richards

Living Solo in the Big City

Erica Horne braces for unexpected expenses as she becomes a homeowner in New York

New York native Erica Horne, 35, wonders how she will continue to make ends meet…

By Sakina P. Spruell

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On July 31, the National Bar Association held a panel to discuss the impact of the foreclosure crisis on communities of color at its 86th annual convention and exhibits. Black Enterprise spoke with two of the panelists—Yolanda D. McGill, senior counsel of the Fair Housing and Lending Project with the Lawyers’ Committee for Civil Rights Under Law, and Vicki King Taitano, director of the Foreclosure Legal Assistance Project with the Maryland Legal Aid Bureau—to get their thoughts on this growing problem. McGill noted the rise of scammers as one. "The overrepresentation of minorities in our scam database is very troubling and likely has many causes, such as the wealth gap that leaves struggling homeowners no savings or family funds to lean on and drives them to seek foreclosure rescue and modifications more often,” she says. “We also know that scammers tailor their marketing language to ethnic minorities, and there are organizations trying to determine if this activity is in violation of the law." With that in mind, here are five signs of a foreclosure rescue scam. —Sheiresa Ngo

5 Signs of a Foreclosure Rescue Scam

If someone makes you an offer that sounds too good to be true it probably is

One problem that often crops up during the process of fighting foreclosure is the rise…

By Sheiresa Ngo

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Rental Payments Will Count Toward Credit History

How paying your rent on-time is a new way to build good credit

If you don’t own a home, have little credit card history, or don’t own a…

By Sheiresa Ngo

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How to Negotiate the Best Deal on a Home

Learn when to buy, what to say, and how to secure a great price

Standard & Poor’s noted at the end of 2010 that six markets—including Atlanta, Miami, and…

By Tamara E. Holmes

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