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Black Couple Sue Appraiser Who Valued Home 500K Less Than When White Friend Posed As The Owner!
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"A black couple is suing a real estate firm, alleging a white appraiser undervalued their home by nearly $500,000 because of their race. Paul, 45, and Tenisha Tate Austin, 42, were shocked beyond belief when their Marin City home in the San Francisco Bay Area valued at $989,000. Over the course of five years, the couple made $400,000 worth of major renovations to the home, including a new floor, creating another 1,000 square feet of space, a new deck, fireplace and other improvements.
Yet the value of their home increased by just 10%.
‘It was a slap in the face,’ Austin told KGO-TV in February." - metro.co.uk Posted by Thrillz |
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