Foreclosures Drain $2 Trillion from Neighboring Homes, Half from Neighborhoods of Color

WASHINGTON, D.C. – October 24, 2012 – (RealEstateRama) — Foreclosures across the United States have drained nearly $2 trillion in property value from surrounding households, more than half of it from African-American and Latino homeowners, a new study from the Center for Responsible Lending finds.