A growing investigation reveals how third-party sales are being exploited in New York City to displace Black and brown homeowners, raising concerns about predatory real estate practices. The process involves sellers transferring properties to intermediaries before reselling them at inflated prices, often targeting vulnerable communities. Experts warn this tactic strips families of equity and exacerbates housing instability in already marginalized neighborhoods. The findings highlight systemic gaps in protections for minority homeowners facing financial coercion in property transactions.
Homes 'stolen' from Black and brown residents in New York City third-party transfers ABC7 New York
