Foreclosure Disparities in Metropolitan Atlanta Counties Housing Market, 2000-2010: Implications for Policies and Planning

By Ebenezer Aka.

Published by The Social Sciences Collection

Format Price
Article: Print $US10.00
Article: Electronic $US5.00

Foreclosure plague is widespread in this decade of very challenging national, state, and local economies, depicting high and long-term depression and protracted double-digit unemployment rates. This decade has also witnessed, in absolute and relative terms, an increasing trend in persons in poverty, families in poverty, extremely low-income renters, persons in housing needs, and pervasive and insidious home foreclosures. The subprime and abusive lending practices had been prevalent in Atlanta urban neighborhoods and counties, leading to menacing foreclosures that affect disproportionately the minorities and elderly, which constitute a set of homeowners particularly ill-equipped, ill-prepared and ill-suited to handle them. The pervasive and waves of the current alarming home foreclosures, as well as the concomitant problems, unarguably beg for aggressive mitigating policy options dealing with the subprime and predatory lending practices and mortgage frauds.

Keywords: Housing Market, Home Foreclosures, Subprime Lending, Predatory Lending, Abusive Lending, Mortgage Frauds

International Journal of Interdisciplinary Social Sciences, Volume 6, Issue 6, pp.89-126. Article: Print (Spiral Bound). Article: Electronic (PDF File; 1.189MB).

Dr. Ebenezer Aka

Professor and Director of Urban Studies Program, Urban Studies Program, Morehouse College, Atlanta, Georgia, USA

Dr. Ebenezer O. Aka, Jr. is a Professor of Urban Studies and Planning. He is the Director of the Urban Studies Program at Morehouse College in Atlanta, Georgia, USA. He is a member of the Geographic Information System (GIS) and Environmental Studies Groups at the College. He has published several refereed articles in reputable journals in his field of study, Urban and Regional Planning. His research interests are in Urban Planning and Policies; Regional Development Disparities; and Comparative Urbanization. He earned his Ph.D. in 1987 from Texas A & M University, College Station, Texas, USA.


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