Don't Let Discrimination Shut You Out of the Market

By Debbie Wilson Columnist

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It's certainly illegal to refuse to sell or rent a house to someone based on race. But that doesn't mean it's not happening all over the country. Find out what you can do to protect yourself from mortgage discrimination and obtain that new home loan you've been searching for.


Mortgage Discrimination

According to the U.S. Department of Housing and Urban Development, discrimination is one of this country's most intractable problems. Discrimination has been illegal since April 1968, when Congress passed the Federal Fair Housing Act. Those that violate the act can be liable for damages, civil penalties, and punitive fees. But despite these stern measurers, discrimination can be hard to prove. Additionally, only 1 percent of violations are ever reported.

Fight Back

If you think you might be a victim of discrimination, now is the time to fight back. Because proven or not, discrimination takes a huge toll on all its victims. Your neighborhood determines the quality of school your children attend, what they do and where they go in their free time, your safety, and overall quality of life. Local agencies can help when you're applying for that new home loan. Agency investigators have access to real estate ads, sales, rentals, and lender records that you may not. They just might save you from mortgage disappointment.

You Can't Live Where?

You may think that we live in a color-blind world. But in fact discrimination exists all around us, even in the mortgage industry. Don't let discrimination deny you the opportunity to fulfill your American dream and obtain that new home loan. Get the facts, know your rights, and fight back.

About the Author
Debbie Wilson owns and operates a lakeside resort. Her previous experience includes profitability consulting for a national healthcare company. Debbie holds a B.A. in Business Management with a minor in Physical Education.

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