A series of federal lawsuits filed by eight black first-time homebuyers alleging that New York's United Homes targeted minorities as part of a conspiracy to sell over-valued, broken-down homes financed with predatory loans will go forward following a federal judge's rejection of the defendants' motions to dismiss. A lawyer in the case said, "The decision is probably the first time a New York federal court has come to grips with this issue -- the intersection of predatory lending and race discrimination."
Bias Claims Proceed Against Seller of 'Damaged' Homes
New York Law Journal
August 24, 2007
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