Another Appraiser Who Undervalued Black and Latino Couple’s Home Ordered to Pay $75,000

Another Appraiser Who Undervalued Black and Latino Couple’s Home Ordered to Pay $75,000

It’s a story we’ve heard before, and is apparently still happening, as a Black and Latino couple had their Oakland home appraised in recent years for $250,000 less than it was worth, but now the state is forcing the appraisal company to pay the couple $75,000 in restitution.It was a pretty big story in 2021 when the Chronicle exposed how a Black Marin County family had their home appraisal lowballed by nearly $500,000, an insulting discovery the…

California Settles Discrimination Case Involving Black, Latino Family in Oakland - Davis Vanguard

OAKLAND, CA – The California Civil Rights Department (CRD) said Monday it reached settlements with Clear Capital, an appraisal management company, and an