In Atlanta, NFHA partner Metro Fair Housing of Atlanta examined 187 homes, mostly in nonwhite neighborhoods, and found foreclosed homes in black neighborhoods were 4.65 times more likely than in white neighborhoods to be missing “for sale” signs. Nearly a third of such homes in predominantly black neighborhoods had broken or unsecured doors, compared with 14 percent in mostly white areas.
The NFHA rated 39 aspects of property upkeep and marketing, such as curb appeal, water damage and attractive "for sale" signs. Homes in black and Latino neighborhoods nationwide were 82 percent more likely to have boarded-up or broken windows.
“The proper maintenance and marketing of [foreclosed] properties is a key factor in the sale of homes to families rather than to investors,” Smith said.