Black Homeowners Face Discrimination in Appraisals
- June 25, 2021
- No Comment
Black Homeowners Face Discrimination in Appraisals Companies that value homes for sale or refinancing are bound by law not to discriminate. Black homeowners say it happens anyway. A second appraisal valued Abena and Alex Horton’s Jacksonville home 40 percent higher than the first appraisal, after Ms. Horton removed all signs of Blackness.
Even in mixed-race and predominantly white neighborhoods, Black homeowners say, their homes are consistently appraised for less than those of their neighbors, stymying their path toward building equity and further perpetuating income equality in the United States.
How does discrimination affect Black Homeownership in the US?
Can a black homeowner get a second appraisal?
We Buy Houses Baltimore | Local Cash Offer For Your Home
Tell us about your home’s features and upgrades — it only takes minutes.
There’s no financing fall-through risk so you can confidently buy your next home.
Line up your close dates so you avoid double-moves and double-mortgages.
“I Need To Sell My House Fast!”
We Buy Houses Anywhere In Baltimore, And At Any Price. Check Out How Our Process Works. We’re Ready To Give You A Fair Offer For Your House.
If you want to sell your house… we’re ready to give you a fair all-cash offer.
Stop the frustration of your unwanted property. Let us buy your house now, regardless of condition.
Avoiding foreclosure? Facing divorce? Moving? Upside down in your mortgage? Liens? It doesn’t matter whether you live in it, you’re renting it out, it’s vacant, or not even habitable. We help owners who have inherited an unwanted property, own a vacant house, are behind on payments, owe liens, downsized and can’t sell… even if the house needs repairs that you can’t pay for… and yes, even if the house is fire damaged or has bad rental tenants.
Leave a comment