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Speculators made enormous profits by convincing whites to sell their homes at well-below market value and then reselling to blacks at much higher than market value. Black homebuyers were subject to a “race tax,” as a property would typically be bought from a white homeowner for $10,000 and resold a week later to a black family for $25,000.
Rather, the report argued that any difference between the two types of equality was illusory and that both terms were highly interconnected. [125] According to this argument, wealthier people have greater opportunities – wealth itself can be considered as "distilled opportunity" – and children of wealthier parents have access to better ...
Real covenants and easements or equitable servitudes are similar [9] and in 1986, a symposium discussed whether the law of easements, equitable servitudes, and real covenants should be unified. [4] As time passes and the original promisee of the covenant is no longer involved in the land, enforcement may become lax. [10]
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Equity, or economic equality, is the construct, concept or idea of fairness in economics and justice in the distribution of wealth, resources, and taxation within a society. Equity is closely tied to taxation policies, welfare economics , and the discussions of public finance, influencing how resources are allocated among different segments of ...
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In law, an equitable interest is an "interest held by virtue of an equitable title (a title that indicates a beneficial interest in property and that gives the holder the right to acquire formal legal title) or claimed on equitable grounds, such as the interest held by a trust beneficiary". [1]
In 2010, there was a 14% increase in the number of homes receiving a default notice between July and September. In that year one in every 45 homes received a foreclosure filing and the problem has become more widespread with the increasing rates of unemployment across the nation.