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Chicago, IL · ChicagoAppraisal bias, a significant yet often overlooked issue, is a form of discrimination in the home appraisal process that can result in lower valuations for homes based on the race or ethnicity of the residents. This bias can have profound financial consequences for homeowners, such as limiting their ability to take out loans, pay property taxes, and build generational wealth. The Impact of Appraisal Bias According to a 2021 Freddie Mac study, Bl…See the Story
Property is Power! Addressing Appraisal Racism in the Mortgage Industry
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