Bay Area Black, Latina real estate couple lowballed $250K in home appraisal
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- čas přidán 22. 02. 2021
- The Curtis family reached out to ABC7 News after seeing the now-viral story of a Marin City couple lowballed in what they believe was a racially biased appraisal. The Curtis family knew something wasn't right when they also received a low appraisal because both the husband and wife work in real estate. abc7ne.ws/3ur1BCe
#realestate #discrimination
This is why I can't stand when people say "why do you people make everything about race" They say that knowing everything in America is about race.
That's because they will never walk in your shoes! That's why you can't debate these people.
@Lovely_Day exactly
It's not just an American thing...it's a world wide thing...America just likes to act like it only happens rarely & is not a real problem; ya know because we are the "beacon of freedom."
White people NEED black friends!!! That’s why I HATED the show “Friends”!
Its non black survivors guilt mixed with oblivion.
This is the real racism...I could care less about name calling... this is the stuff that holds people and whole communities back.
Not the lack of fathers or father figures? Lol pretty sure that's the biggest issue that plagues the black community. No guidance leads to gangs
@@dajb90 that too, but it would be a shame to have a father figure yet still have your home appraised for 100k because you're black. LOL pretty sure you can understood my point.
@A Stoic's Door you have a scarcity mindset and low expectation mentality...I feel sorry for you.
@@marksimmons5839 it's not uncommon to get a low appraisal on a million dollar home. Also the wife is Latina. To say for a fact that it was because he's racist isn't true. The odds are always 50-50. You don't decide someone's intent based of how it makes you feel haha. So this guy is a racist to his core? Or what he did was racist? If he had the same attitude and mentality but gave them a better appraisal, is he still a racist? Lol they didn't like it so they called racism lol. So any time there is a disagreement they can call racism? Descredits the real claims.. fight racism with racism. Good plan.
@@dajb90 There has been a proven pattern for low approvals over the decades affecting many nonwhites and especially blacks. The accrued loss immense. Google mortgage and appraise discrimination. While you at it google redlining and the homestead act. Fight racism with truth to produce Justice. Protect racism with trolling and misdirection. What side are you are sir?
HUD needs to be checked too.
Yep HUD GIVES U THE RUN AROUND TOO
If anyone knows any lawyers that could help please reach out to me. Im in a situation right now in texas
Hud is not fair .
@@dhill4000 im not a lawyer but im in texas too. Whats your story? Im looking to sell too
@@dhill4000 Hi Darlene my name is Charlene I was just reading your story and it really caught my attention I was thinking about a HUD house what's going on witth that they also be scamming that too please give advise..
Just think of the people of color this happened to who never complained.
Please read the book called The Color of Law by Richard Rothstein. It is a must read for the subject of housing discrimination. Please please. .
EXACTLY or just didn't know
@@abdulraheem415 will do. Thanks for the recommendation!
Golden comment from Abdul Raheem. Thanks a million for that piece of enlightment. This is why I read the comments, sometimes there may be nuggets of wisdom to be found.
@@gustavon.1444 I’m reading the color of law now for a work book club. I work in affordable housing preservation and this book will blow your mind. Unbelievable!
This is just evil. The appraiser should be investigated because he's likely done this to other people as well.
I'm so glad the both of you had the common sense and the ability to do your own research. Don't mess with Islander's and Latin's with common sense. Big up Puerto Rico, Latinos from me. Originally from the U.S. Virgin Islands. Great job!!!!
this is nothing new folks it's been going on for a while in every state, whenever you're getting an appraisal put away your family pics,
Also whenever you're are applying for a loan whether it's a car loan or a mortgage do not specify your ethnicity just write other, banks usually charge extra interest on blacks and Latinos.
That’s a good question and what company did it so we can cancel them?
Will probably continue to do it as well
Good point. That appraiser’s appraisal file should be audited by an independent group.
I hope this individual looses his license because his livelihood and future should be placed in jeopardy because that is exactly what he has done to this couple. We do not need him to risk the future of others.
I saw a story like this happen in Florida too. A white male with a black wife. It was like a 200k difference. Insane
He isn't the only individual doing this kind of discrimination. This is illegal.
The bad actors should go to jail they are breaking the law.
He needs to be sued for discrimination and his identity needs to be revealed. I'll be shopping in a short while, when shopping I'll be with my own kind.
@@angelanojellybeans6481 Spend with our own kind, REGARDLESS. B1
Can we see the story where the appraisers loose their right to appraise homes anywhere in America indefinitely????????? We need this story, enough with slapping racism on the wrist. Annihilate it all together...
As with any license, it's up to the holder to uphold their ethics. You can't sue them because it's their personal judgement in terms of the appraisal. There's not much you can do but complain to the state.
If it benefits them they will keep doing it.....lowballing nonwhite housing appraisals certainly benefits them.
Funny
I agree, but unfortunately there's no such thing. People have to deal with racist appraisers. And they may not even be racist but it's just in there job description.
💯✊🏿
And they love to tell us to stop making excuses and that it’s just in our heads. This is the definition of systematic racism. Half a million dollar difference? That money literally affects generations of families.Smh! While I’m glad these people were in the business, My heart goes out to the people who aren’t.
Some people do make excuses and sometimes racism is in your head. How is it systematic?? What laws back up this being okay?? Come on.
@@ASmith-jn7kf not the best place to say what you are saying when we are watching a video of how they do it..
@@ASmith-jn7kf your one of those people you are describing
@@ASmith-jn7kf Tell us your RACE ....
A. Smith..... Since you it's all in our Head ?
@@ASmith-jn7kf RACISM FIRST BEGINS IN THE HEAD OF A RACIST BIGOT AND THEN IT'S EXPRESSED IN DIFFERENT WAYS.
NOW THAT'S REALITY.
YOU DO AGREE ?
So glad that your story hit the main stream news! This type of discrimination has taken place for many YEARS! Please publish the appraisers name so that they cannot continue as a credible appraiser.
This was reported locally, ABC News needs to report this AND report the last four years of dismal and systematic dismantling of HUD by Dr. Ben Carson, a Trump loyalist!!! He should have stuck with neurosurgery rather than politics!
Lies
I know right Ben Carson is such a white supremacist 😐
Centuries.
@@daven0509 There are full documents on things like this. Stop being part of the problem.
I bet they doing this to every black person that’s flipping houses around the United States
“All knees shall bow and every tongues shall confess that Jesus Christ is Lord”! The final justice system for all mankind!
Something tells me, a lot of white, evangelical churches and god (little g) fearing white appraisers are in for a COLOSSAL surprise!!!
It's a redlining tactic that's been going on for decades.
Yes they are
Who's "they"?
@@samselle7444 u know who they are don't act stupid
This is terrible, they did everything right but still got screwed in the end. Now they are looking at selling their home and you know that means... less generational wealth--this is economic violence!
It depends what they do with their capital gains. This market is going to crash, then they're really going to lose generational wealth.
Happened to me in Columbus, Ohio
Yup. Shocked to hear they're going to rent and sell their house.
This happened to a black woman who was married to a white man. Their home got low balled the same way! She had to remove photos and such items from her home to make it look like it wasn't a black person living there just so she and her husband could get a fair appraisal! Rocket mortgage just didn't want to acknowledge their practice and become the bad guy. Let's not forget they sent out their independent guy out to appraise the home. Definitely knew what they were doing....
Did they file a complaint?
Yeah I saw that story too! They got more when the appraiser thought it was just the husband's house.
I remember them
Makes me sick. Everyone should get treated the same. No matter what skin color you have or how you look...God help us!
@V. N. it's obvious that you are who you are. BLM is a group that protest police brutality. You wouldn't go to a dentist for hearth treatment, or to an optometrist for foot problem. But you already knew that, didn't you?
@V. N. Who said it didn't matter just only when a cop kill some one od color?
@V. N. what's BLM have to do with the initial comment. You just have to complain because
the ideology of black live matter bothers you so much.
@@africanpage7794 people get triggered by BLM and “woke” mob because essentially they are fighting racism with racism.
@V. N. U are the problem ,finding anything to bring black people down. Sham on u
that loan company apologized after lowballing and getting caught on media , couple in the business,
After getting caught. If they hadnt been exposed they would be still be doing it.
@@mlgreen111 they probably still do it in other areas
Public service announcement to caucasians:
This affects you too! Should this type of discrimination happen to your fellow neighbor, your house goes down in value too.
Too racist for their own good.
That appraiser needs to be punished or held accountable. It’s very disappointing that we have such unfairness in real estate. As a realtor I cannot believe someone wakes up with such ill intent.
To bad it's a unwritten rule to undervalue homes in black areas. Even educated, middle class ones
Wake up it’s prevalent in USA
@K Maxx Unfortunately opinions caused the issues we deal with today. People use opinions to pre judge or prejudice against someone. Call me whatever you want. People use opinions to alter outcomes.
Yes seems it’s all premeditated, thus solely racism gets this hateful person outta bed every morning, kisses their family and walks out happy knowing they will be doing this malicious nonsense to their paying clients. The clients that put the food on their table. What an absolutely disgusting person or business.
@K Maxx sounds like idiot is your mantra, serious issue not just an opinion, but you think you are smart and witty with your stupid self projecting comment, is all you, you know it otherwise you would understand the severity of the issue at hand, people who don’t somehow see or understand racism, are the racist stop acting like somehow it doesn’t happen or exist. Don’t like getting called out, than keep your mouth shut, you aren’t funny or witty.
Why are they not naming the company and appraiser. This needs to be out there for others to know.
I thought they said rocket mortgage.
@@haroldbottom3474 but there was in appraisers that the lenders hired, they didn't name them.
@@mermaidtingzzz Oh okay thanks for the clarification.
Because it's not true
Why isn't the cancel culture going after these appraisers?
Because the media is to busy trying to make the modeled minority asians victims an are not showing this in both Republican an liberal media an to many people may not no about this story.
It needs to sit the whole government down!
Yes, I agree!!
@@ShayMarie.00 forreal
Because there too busy looking for old tweets
Sue these appraisers for discrimination. This is how they keep us poor and gentrify our neighborhoods. Sue them for millions.
I am glad I saw this I will never use Quicken Loans
To be fair, Quicken Loans didn’t do the appraisal. A lot of financial companies hire third party providers to do these appraisals. That said, they either need to stop working with racist appraisers or they need to lose business too. They’re part of the problem if they don’t take these complaints seriously enough to actually reform
It's not just quicken loans. There was a similar story about 5-6 years ago. This goes back to redlining in black neighborhoods. There are systemic ways to keep us down.
@@SL-lz9jr Quicken Loans is in on it too because they don't want a interest rate that works in favor of the customer
@@Fairexchange41 work in the favor of poc customers. Wake up
@@SL-lz9jr Quicken loans didn't even try to rectify the situation until the media got involved. Also, if you think a mortgage company like Quicken Loans is unaware of redlining you aren't being fair, you are crazy.
Read : 'The color of law' by Richard Rothstein. This has existed over a century. Trillions of dollars of Black wealth suppressed.
What I want to know is why are they not showing the actual people who do things like this?! If you hurt their pockets and pocketbooks then that's true justice. 🤨
Because they're in on the devaluations! They hide them for a reason!
Becuase they likely have the complexion for the protection. We need to take it upon ourselves to out those practicing systematic racism.
Right. You know if it was the opposite (black appraiser, white family) the news would be knocking on their door to get their face in the camera, and tracking their daily activities...
They need to show these people. These racists are the ones who take advantage of their positions to hurt others. Once they realize they lose their job then they will get their act right
@@khloe38 Exactly!
Always hire a Caucasian friend to even the playing field.
Wow 🤔 crazy
The fact that we even have to is a problem in itself.
@@mlgreen111 no sir. You’re not blind to what’s going on and to think they aren’t trying to beat us is the problem. How do you think with everything these people do to us, beating us out of our money ain’t on the list? We’re SUPPOSE to be smarter then this and had our ducks in order to where this is a known, and each family have their resident Caucasian to negotiate business with. Instead of putting it on front street blowing up the spot which puts them at an advantage once again because the gig is up. 🤷🏾♀️
@Clarence Dials it’s called “staging a home”
Sad but true
My uncle was selling a beautiful home in CT. He was told he could not stay in the house because if the buyers are white, they will depraise the house. If he was a white seller, it meant he could stay, and mingle with the potential buyer. So sad.
Any good real estate sales person will meet the appraiser and not have the homeowner there. That's how business is done.
This is the passive racism as a California I have experience since the 80's. Smile to your face while they pick your pockets. But now people have access to how the system works.
But they love the Asians...the acceptable minorities!
Well.. this tells everyone to never trust appraisers and do ur homeworks.
Is that all you pulled from this?
It doesn't matter how much homework black people do. White racist American politicians are committed to maintaining this status quo. Look at how many generations they have known this has been going on, and they've done nothing to change it.
No. This says DO NOT BE A PERSON OF COLOR IN THE GREAT US of A.
I'm an appraiser and I would NEVER be biased. NEVER NEVER NEVER. I don't think any of my appraiser friends would be either.
@@deanjones2525 that's a very ignorant thing to say. Yes, do your homework, read the fine print so you know when things are not right.
Imagine how many more people this would have happened to if they didn't have a real estate background
Im sure it already happened countless of times before this is the first time they got caught...
@@fabianortiz1712 but by them having a real estate background helped them realize that they were being scammed and please ease up on the "sister " talk it seriously annoys me let's keep it professional
Disgusting I had the same issue as a buyer. I bought a townhome for 123k. The appraisal came in @116k. Zillow had the property for 130k the Tax County Tax Board had it for 130k too!!! The low appraisal didn't make sense.The reason the appraisal was so low was that the tenant living in the home @ the time was a Black woman. The Seller (white Boomer who lived in another state)wouldn't budge & lower the price for me. I had to come up with the difference on closing day. Thing is a few months later I bought the townhome next to me from the same Boomer. The tenant in there was a White man. Guess what? the appraisal for that one came in at? 150k LMAO Both properties where in terrible shape needing tons of work. The only difference was the 150k property had an extra 50sq ft of space. Y'all this 💩 is real!!!! This never made sense to me till NOW!!! But I always knew something wasn't right. Race was the difference, duh Lesson: Hire Gr¡ngo$ to pose as tenants or owners if you want a high appraisal 🤮
Yeah I don’t think you understand how an appraisal works. Everything isn’t racism.. Jesus Christ
Julian Glover out here doing God's Work.
Those people involved in this unethical practice should be investigated cuz if they've done it to this couple they've likely done it to others as well.
Are you going to investigate the WHOLE godd@mn country?? Bottom line is wh!te ppl believes this system is a blessing to them..Your disfranchisement is their blessing to them. They are not going to engage in behavior that's going to dismantle that system that they consider their blessing. The fact that you even thought that there was going to be some change in the structure and foundation of this country based on investigation is silly notion. This country founded on racism.
@@kinnyp.2095 since 1619!!!
At the end of the day...all these homes are overinflated.
But they should be over inflated for everyone not a single group and if they are to be deflated it should be for everyone as well
@@michaelmaps2004 thank you
@K Maxx nobody does, that is why prices go up when it gets cheaper to borrow money.....
If possible, reach out to/hire only black appraisers.
Doesn't matter
@@DJRenee Why would it not matter?
The lender hires the appraiser; a homebuyer cannot hire their own appraiser.
😂😂😂 sure fire everyone one else not blk right?
thats racist
Lawsuit =. a Class Action Discrimination. I will sign
@Gerrylynn Mako Stop talking BS and focus on your fertility issues, aging like milk, and being attacked by the sun. You carry canine dna, that's why you have dog fur growing from your head and smells like sulfur. You have the least female hormone, the most genetic disorders, and the most dried up. Whte birth rates is in the negatives, lol.
Just filing a formal complaint is not enough!!! Take them to court!! The exposure is only effective if the standards, policies and procedures are changed on all levels of inequality! Legally these people involved in these types of activities should loose license to practice and face the legal ramifications because of their illegal actions!! 😡🤷♀️🤦♀️
So when people file a complaint who’s getting charged, who’s getting fined, who is going to jail, what actually happens to these crooked azz people?!. To be honest the fact that we have to tell people to come and file a complaint, shows you how big of a problem this is. Maybe there should be an actual law that will penalize whoever is doing that, which will most likely preventing them from continuing this behavior!. But letting them get away with it, doing absolutely nothing, why would they change their actions?!.
This happened to me in Tennessee. I refinanced my home. The appraisal came in more than $120K less than expected. My loan officer refused to accept the appraisal and did not charge me for it. When asked why the appraisal was so low, one of the reasons given was that the original loan was a FHA loan. My loan officer didn't understand why that was a factor and was also curious how the appraiser even knew that information. This type of discrimination is real, and it's literally robbing minorities of real wealth.
How can a devil not be a devil? What do we expect? It’s 2021.
Yeah bro, and they tellin us whte privilege does not exist
“Racism was here before I was born, racism will be here after I die”. Paul Mooney 🤪
@@maeudaou7347 F A C T S
This is horrible, there needs to be something done to change this- this also happens in the workforce. We are lowballed when it comes our salary!
The real america on display
@@jonboll-LGM go back gabb and make pepe the frog Memes
This is so real. I'm a white woman and used to live in Marin County. When I was looking for a place to live, I literally got offered an apartment by some older lady who said "You wouldn't believe who's been looking at this apartment. I'm not a Trump supporter or anything. I'm okay with other ethnicities. I just want everyone here to get along." If that's not an obvious example of someone like me benefiting from white privilege, I don't know what is.
Thank you for admitting your “white privilege”! Now, did you file a report of discriminatory practice by this white landlord? Actions speak louder than words!
I wish I had. When I researched it online, it seemed like I had to be the actual potential tenant or tenant being discriminated against to file a complaint. I should have looked into it more or called someone.
You took an opinion of a current resident and now you believe you have white privilege. Ok
The communist Fair Housing Act forces whites to have to rent THEIR property to undesireables.
"I wouldn't buy a house from blacks because of all them colored ghosts."
Archie Bunker
@@thomasmulhall4873 Troll!!
Exactly what happened to us. We ended up taking all of our family pics down and left our white friend pics up. What do you know? Our appraisal went up $50,000.
My brother works for bank of america he's seen first hand black and Hispanic applications get denied with 700+ credit scores and seen horrible under qualified white applications get approved thats car house or business loans
@** yes but Most Hispanics are treated as "brown," being phenotypically identifiable or via surname or accent so for many of us, racism is real because we are percieved as a racial group irrespective of whether we fit the criteria.
@** If you wanted to be honest with yourself, you would admit that some black folk are racist and anti Latino too, I know cause I grew up in a 90 percent black community. Yet, you say most of us are racists, when the truth is some Hispanics are racist, and some black folks are racist. "some" is not "most." God bless.
@@JJosue-tr3bn true I have family that lived and live in LA and had lots of problems with black people and have a grudge against them but can't say racist against them if that makes sense
That's the reason I don't know if you've noticed or have applied for a car loan or some type of loan and they ask for ethnicity type for one of the questions 🤔
I PRAY GOD GIVES THEM FAVOR IN THIS SITUATION MAY THEY RECEIVE EVERYTHING THEY ASK FOR AND MORE THAN THEIR ASKING PRICE!!!!🙏
What's about the other million's of black families??
When people say that they are "stunned that this can happen" , they automatically make themselves unbelievable! I will never say that I am "stunned" when a lion chases me, when I am living in a jungle full of lions and tigers and bears, oh my!
Held back and cheated.
This is sharecropping 2.0
This is wrong on so many levels!!
Exactly 😠
I’m confused as to why he as a real estate agent was refinancing with Rocket Mortgage. They are terrible and everyone in the industry knows that.
LoL for reals SMH
Always go with credit local union
It was the racist appraiser unless this a common practice by Rocket Mort to encourage their hired appraiser to discriminate
@@jaypaladin-havesmartswilll5508 oh man you can tell how intelligent you are!!!smh
Most likely Rocket Mortgage was offering a competitive rate. The potential for trouble stems from the fact that lenders (and mortgage brokers) are forced to use an outside AMC (Appraisal Management Company), a 3rd party with its own profit-motive. Guess what happens - the AMC sends out a blast email to appraisers over a wide area and usually takes the lowest bidder, thus enhancing their own bottom line. It's a vicious cycle that got its start when, in 2009, NY Attorney General Andrew Cuomo (now NY Governor) unilaterally mandated the adoption of the HVCC (Home Valuation Code of Conduct), which forbade loan originators from engaging directly with appraisers. He did this in exchange for not investigating the books of FNMA and FreddieMac. So guess what happened. Lenders adopted the AMC model en masse, and now appraisers only make about 50-60% of the fee billed to the homeowner. The rest goes to the AMC. Rocket Mortgage probably works with several AMC's, each in a "race to the bottom" to get a cheap appraiser to do the job. Which is why I believe this particular case involves sheer incompetence rather than racial bias. Why would any appraiser put their license on the line for absolutely no reason?
@@charlesbaker8798 Racial prejudice is deeply ingrain in some folks that's why.
Stellar reporting from an extraordinary journalist Julian Glover! May his life and career soar, with the protection of Jesus!
too little too late? nah, give them the rate they would have gotten previously given obvious effort to diminish the value of their home with that ridiculous comp home.
I can’t find any reason other than straight up racism as to why an appraiser would purposely de value someone’s home.
But but racism doesn't exist and to those who said it doesn't and is victim mentality hold your own nuts when it comes for you.
Even your own race screws you!!
My wife and I have a similar story here in Toronto Canada. We lost over $300,000. In Ontario Canada the governing body to value a property is called MPAC. We contacted them and they told us that Banks, Realtors and Appraiser should not use the information from MPAC to value a property. This is because the information MPAC have is not up to date and is only for the home owner and the municipality.
The person who we spoke to, a Supervisor also told us that he is aware that Realtors, Banks and Appraisers uses the information from MPAC to value properties.
The appraiser used the MPAC info to under appraise the property. Even though the appraiser saw the ravine with all the trees that took hundreds of years to grow. He decided to verify with MPAC if they have the property as backing unto a ravine. The code that the appraiser got was for a property not backing unto a ravine so that is how he valued the property.
When we contacted MPAC the person we spoke to laughed and said, would the appraiser appraise a two storey house as a bungalow just because they got a code for a bungalow?!
The ad for the property said beautiful bungalow backing unto a ravine.
When we realized that this is not correct we contacted the governing body for realtors RECO.
RECO looked on google maps saw the green space and closed the case. When we asked if they contacted MPAC they said no.
In the 60s the home owner adjacent to the property that I purchase had the opportunity to purchase the greenspace that is directly behind my backyard and they did. This information was never updated with MPAC and the realtor did not do their due diligence to verify this.
It is very hard to not feel discrimanted against when all the governing bodies my wife and I contact sticks up for each other.
Check the laws, this reminds me of both the liberals and conservatives agreeing not to pass wage discrimination laws based on race.
The appraiser has to have done this plenty of times before........ I wonder how many of those house the appraiser bought or told someone to buy...
I renovate homes in California-
I am Black /Mexican American man of color.
I had a contractor give me a quote to install 5 doors and frames he tried to rip me off
at the Home depot the doors & frames cost no more than $350 ... This clown said installed plus material $2500... I laughed in his face, told him to get the fuck outta here. Went to home depot and did the fuckin work myself !!!!!! TRUST NOBODY IN THIS GAME
Joaquin, you are correct. Two groups who can and will fuck you. Real Estate and Automotive sales or repairs. Educate yourself or be a victim.,
It never gets old how whyte people have this system so set up for them to thrive well.
My husband and I are going through this right now in Pennsylvania. It's so frustrating.
Yes! This is real! Every day this happens!
Yes it does, white ,black and brown
@@chrisrios4303 not white!!!
@@chrisrios4303 lol. Still in denial huh?
@@ctrezzy11 need to stop blaming others for your life failures, stop crying
I have two words for this type of racism : Richard rothstein's book call The Color of Law.
This is sad I have to say this but maybe some Wt person should start a “Rent a White person” because if ish like this is going to keep happening then the allies need to step in!
Are you suggesting that Black Ppl pay to get fair treatment? When you rent something, it usually comes with a charge.
Who cares? Stop talking about it without putting the person on blast! So we all got to get a white friend? PUT THE APPRAISER ON BLAST!
Come to Florida my freind west broward, cooper city, Davie Fl, the realtor most likely will leave inside the community him or her goal is to keep those community as white as possible. Sad but true
Good ole redlining is real
This was an thoughtful and well balanced story for which I commend both the reporter and the network! Thank you for helping to expose such a common practice , as well as the profoundly unfair and long lasting consequences, which in the words of the report " last for generations "... amazing work!
I'm glad someone is speaking about this. I hope more people speak out!
This is real stuff. Happened to me a few years ago. My home was devalued by over 25k. Had 3 local realtors look at the appraisal and comps. Nice neighborhood...very well maintained...great upgrades..I sold the house 45 days later. It was only on the market for 3 days. Sold for 35k more than that fake appraisal...always know your comps. And don't hesitate to get a second opinion...fyi, I live in California.
Why do they keep saying a half a million dollars? 250,000 is not a half a million.
1/2 million difference was for the first couple, 250 K difference was for the second couple
@@natali1856 ok, I see now. 🙂
I'm looking for a house and I was told to not buy in black populated neighborhoods because they bring the property value down. Idk why..
I think that you should also tell us who the third party appraiser company is as well.
We still rise and overcome No Matter What and That Is Facts!
Should be able to sue the pants off that appraisal company.
It’s the WAP pillow in the back for me, alongside Biggie LOL
Thank you for doing this story. It's very important.
The international couple in another state had the same problem, lowballed the house then the wife removed all the family photos and had her white husband be the only one present for the appraisal. It went up almost three hundred thousand dollars more.
GOD SEES ALL. I'M PRAYING EVERY MOVE I MAKE THAT JESUS ANGEL'S ARE ALWAYS ASSISTING ME. PRAY PEOPLE PRAY!! IT CHANGES THING'S 🙏
"Aint nothing changed but the weather." - Paul Mooney
This is very good reporting. Thanks, confirms a lot.
I bought a house from a white family, the next day their white realtor decrease my homes value by 40% on their website (I wanted to save the online pictures). The very next day, I was so confused and hurt. They charge us premium price when buying and lowball us when selling. I will NEVER conduct business with them again.
Can you file a complaint with your state atty general or something?
@@tandt7694 Not sure
If you send a letter to your state realty board perhaps the realtor can be forced to explain why he did that. I would cc the local TV stations consumer fraud type reporter.
Since this is happening all the time, get a white person when you want your home appraised.
You see why that’s not a real solution right?
slidejones No one should have to do that because of racists people. 🤦🏼♂️
@@IMissChele9 Of course not. I'm just saying people should do that until things change.,
@@Ctwosrer I understand. The system is not fair but until things change for the better, we have to find ways around it.
Get a white person to appraise? I thought they did...wherein we get the racist part. I must have missed something.
This is wild scary!! But I’ve heard stories like this before including when a black family was trying to sell their house and couldn’t get not one offer!! And their home was in a very popular area in their city...spacious...an awesome single family home...3 bed 2 bath...three other homes in their neighborhood sold in no time!! They took the home off the market for about 7 months...then listed again but removed all photos and some decor items from the home changed a couple of things...and they got an offer within 1 week of listing! Smh...
And what's the intelligent conclusion from that?
The appraiser needs to be fired. I am sure that this is NOT the first time that the appraiser has lowballed someone's home based on their race.
So, my loan was denied two days before closing. I have perfect credit, cash for closing and downpayment, no debt except one car payment, and 3 sources of income. Td bank is horrible !!! They could not justify this. I lost the opportunity to gain wealth for my family. I am now homeless... If I had the right color skin , this would not be an issue.
Report it!!!
What is TD Bank? I will never use them. What a travesty of justice. I am so sorry for you and your family.
@P J - I was just thinking that, lol.
You only looked at 1 finance
company? Why r u now homeless with 3 jobs?
I believe she means she is displaced...I learned that through therapy when I experienced flooding in my home...Peace and Blessings all...
It’s crazy how they don’t wanna see Hispanic or blk ppl make it makes them grind there teeth under there smile
I’ve said this was going on For years.
I am married to a blank woman and when we went to look for a house i went by myself to get a lower price and filled out the loan app online to get a lower interest rate. As soon as we went into the bank in person together they wanted to delay the closing for another week. During that time they started calling with the “the underwriter wants more docs” “they are reviewing your credit again, your rate might go up”
When we finally go back to the closing they raised the rate and said we would have to pay points to lower it.
None of this happened for the 3 months i was looking on my own. It was done only after the saw us in person and saw she was black.
Wow I'm glad I found this story. My mom just refinanced last year. We noticed that the home values have gone down opposed to when she first bought the home. The neighborhood has Black, White, and Asian neighbors all the homes are big and fancy many buisness professionals live there all $500,000 plus in value. My grandmother who was a real estate agent noticed the value change and questioned it herself. We never thought about it from this angle.
Wow they could have saved thousands if it weren’t for them having to wait over a blatant mistake done on their part!! Sue sue sue
Lesson: until things change, always have a white friend show the home for the appraisal.
Agreed!!!! Sorry to agree ... it is the truth. Stop putting your race on mortgage documents. Why should race matter when buying a home. Your income, assets and liabilities only matter.
Great story. Real reporting. Meaningful reporting. Keep it going.
Happy this finally made the news after going on for such a long time
Always get a second and a third opinion from different places. It's nothing new that they want to low-ball you for what you have and flip it into the millions.
hope the property tax acceessor is watching :))
If he/she is watching, nothing he /she can do. 2% cap max. California pro 13.
Facts, Terry T, I live in Southeast Ga, and our tax assessor is awful!!!
The appraiser should be fired and fined for breaking the fair housing law.
Thank you Julian Glover and ABC7 for sharing this story!!!!!
I bet she used that’expert voice’ while giving that estimate and would firmly contest she was doing them wrong... firmly
Turn them in to the DBPR
Outstanding story. Great job Julian and ABC7.
Just had my house appraised after a year and a half after renovations and improvements the appraiser from the same company said that the house went up only $800
I'm sorry that this happened to u guys... but I just want to say.... u guys are beautiful
Who did they get their appraisal from?
I was wondering the same thing I want to know the company and the person name.
The video said who it twice. once at the beginning and again towards the end.
@@emm_bee Rocket Mortgage is not the appraiser. They hire an appraiser to do the appraisals. Appraisers are either independent sole proprietors or they work for appraisal companies. We'd like to know the appraisers name.
@dave young And the way to keep that in check is to out the appraiser and the company
Yeah why aren't they exposing the appraiser??
I have a relative in Texas and they are doing the same thing there. Whites are receiving 200K and more than blacks with the same comparable homes for sell.
Excellent job. Needed information.