Posted on Dec 12, 2021
A Black couple had a White friend show their home and its appraisal rose by nearly half a million...
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"...when they asked for a second opinion last year, a White friend pretended to own their home and they removed all artwork and photos that could show that it actually belonged to a Black family.
The new appraisal for their home in Marin County was more than $1.4 million and nearly half a million dollars higher than the previous estimate, they said."
The new appraisal for their home in Marin County was more than $1.4 million and nearly half a million dollars higher than the previous estimate, they said."
A Black couple had a White friend show their home and its appraisal rose by nearly half a million...
Posted from cnn.com
Racism
Real estate
Home
Edited 3 y ago
Posted 3 y ago
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That's preposterous! If true, there are channels to take the original appraisal to task that can challenge his/her appraisal certifications. Fines, loss of license etc. are on the table...
If I were the buyer, seller, listing agent, selling agent or the lender that that first appraisal "touched", I would lodge an immediate complaint - and follow it through to completion... and include the second appraisal as exhibit to the claim.
If I were the buyer, seller, listing agent, selling agent or the lender that that first appraisal "touched", I would lodge an immediate complaint - and follow it through to completion... and include the second appraisal as exhibit to the claim.
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