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How a land contract cost a Detroit woman her home | USA TODAY


Because the Nineteen Fifties, predatory land contracts have focused Black householders. Sonja Bonnett grew to become a housing activist after a land contract led to a foreclosures.

RELATED: How housing reparations can assist shut the Black homeownership hole

Usually described as a “poor man’s mortgage,” land contract patrons have been on the hook for a down fee, excessive month-to-month funds, and upkeep of the home whereas the deed remained within the vendor’s title till the final fee was made. A single missed fee was grounds for eviction.

Many working-class Black households within the Nineteen Fifties and ’60s have been pressured to show to speculative sellers after the federal authorities refused to insure mortgages in redlined African American neighborhoods.

Speculators usually purchased properties at a reduction from white households as they fled racially altering neighborhoods solely to promote them simply months later to Black households at inflated costs and excessive rates of interest.

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