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All in Creditors' Rights
Home appraisal bias remains an ongoing issue throughout the real estate industry. Homeowners, particularly those of Black or Latino heritage, statistically receive lower property appraisals.
Real estate bankruptcy has seen recent spikes.
The rising unemployment levels following the outbreak of the COVID-19 pandemic, and the associated implications of the economic downturn, is leading to significantly higher numbers of tenant closures and lease defaults.
As COVID-19 rattled the world and left an estimated 30 million people vulnerable to unemployment, the hit was particularly sharp for small businesses. Companies with less than 500 employees are predicted to have been left the most likely to suffer job loss and unable to keep their doors open for business, even as lockdown restrictions begin to lift.
The federal and state governments are working diligently responding to concerns of foreclosure or eviction during the COVID-19 pandemic. With many states enforcing stay-at-home orders, many individuals have lost their source of income, saw partial income declines, and are being forced to work from home.
