According to the Text, What Factors Define a Minority? Based

question 72

Essay

According to the text, what factors define a minority? Based on these factors, explain why we should consider African Americans to be a minority.What about Asian Americans?

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Definitions:

First Mortgages

A primary lien against real property that takes precedence over all other mortgages or liens, except for statutory liens.

Assumes the Mortgage

Refers to when a person takes over the obligations of a mortgage from the original borrower under the terms of the original loan.

Fee Simple

The most complete ownership interest one can hold in real property, with the freedom to use it, sell it, or bequeath it, under the laws of the jurisdiction.

Financial Difficulties

Financial difficulties are situations where an individual or entity is unable to meet financial obligations due to lack of resources, impacting their economic stability.