Deed Theft Against Black Homeowners In Brooklyn Out Of Control

Deed Theft Against Black Homeowners In Brooklyn Speeding Up Gentrification And Leaving People Homeless

Deed Theft

Real estate experts say that deed theft against Black homeowners in Brooklyn has skyrocketed in the past five years. Experts can show data that historically black neighborhoods are now primarily white. Thus, speeding up gentrification in Brooklyn. 

The New York Times stated Monday that accounts for nearly half of New York City’s 3,000 deed fraud complaints since 2014. Scammers target elderly longtime black residents who bought property in the 1970s as white people fled New York City. Conmen are also deceiving or coercing elderly black homeowners into signing over ownership of their properties for ludicrously low sums.

Broadies Byas’ gorgeous Victorian townhouse is a perfect example. First constructed in 1856, her father purchased the home in 1957 for $7,500. The house is currently worth $1.2 million. However, unbeknownst to Byas, she had given it away for just $120,000.

Read more at MFI-Miami

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s