Lawsuit: Bank Of America Allows Foreclosed Homes In PGC Minority Neighborhoods To Deteriorate; Takes Better Care Of Properties In White Communities

Fair housing groups filed a federal discrimination lawsuit against Bank of America on Tuesday claiming that the lender unfairly exposed minority communities to more crime, poor quality of life and economic harm by failing to maintain and market its foreclosed homes in predominantly black and Latino neighborhoods.

The complaint filed in U.S. District Court in Maryland asserts that bank-owned homes in communities of color are more likely to have overgrown grass, unsecured doors, and attract health and safety problems compared to better maintained homes located in predominantly white communities.

The complaint is based on an eight-year investigation conducted by the Washington-based National Fair Housing Alliance and several housing groups nationwide, which examined the conditions of more than 1,600 Bank of America-owned foreclosed homes across 37 metropolitan areas, including Prince George’s County and Baltimore. The lawsuit also names as a defendant Safeguard Properties Management, the company that has been in charge of preserving and maintaining properties owned by Bank of America.

Click here to read the rest the article written by Lynh Bui over at the Washington Post

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