Other Free Encyclopedias » Law Library - American Law and Legal Information » Free Legal Encyclopedia: Bill of Particulars to William Benson Bryant

Blockbusting

homeowners price sell

The practice of illegally frightening homeowners by telling them that people who are members of a particular race, religion, or national origin are moving into their neighborhood and that they should expect a decline in the value of their property. The purpose of this scheme is to get the homeowners to sell out at a deflated price.

An unscrupulous real estate agent will subsequently sell the vacated homes to minority group members at an inflated price, thereby obtaining a large profit. Fair access to housing is defeated by blockbusting.

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almost 10 years ago

blockbusting sucks and no i have to type a paper on it and i dont even know what to say, dang english teachers