BofA neglects foreclosures in minority neighborhoods, activists allege

Bank of America allows foreclosed houses in black and Hispanic neighborhoods to tumble into disrepair even as it studiously maintains bank-owned homes in white areas, housing activists allege.

The nonprofit National Fair Housing Alliance on Tuesday filed fit accusing one of a nation’s largest financial institutions of “systematic” discrimination. The Fair Housing Center of a Greater Palm Beaches is among a 20-plus plaintiffs in a sovereign suit.

“Across a board, properties located in communities of tone were most some-more expected to have countless design slight upkeep and selling deficiencies than a Bank of America-owned homes located in white areas,” a fit says.

Bloomberg News

The Fair Housing Center of a Greater Palm Beaches photographed foreclosed properties hold by Bank of America and found distinguished differences. A West Palm Beach residence in a non-white area sported ripped screens, a blue tarp of a roof and immature pool water. A suburban Boynton Beach home in a mostly white neighborhood, by contrast, looked pristine.

Bank of America doubtful a activists’ allegations.

“The allegations are but merit,” a association pronounced in a statement. “We request uniform practices to a government and selling of empty bank-owned properties opposite a U.S., regardless of their location.”

In February, a organisation of nonprofits headed by a National Fair Housing Alliance lodged a identical fit opposite lender Deutsche Bank and loan servicer Ocwen Financial.

In a latest suit, satisfactory housing activists pronounced they visited scarcely 1,700 Bank of America properties national and took some-more than 35,000 photographs documenting a condition of a homes.

Tribune Content Agency

Article source: http://www.nationalmortgagenews.com/articles/bofa-neglects-foreclosures-in-minority-neighborhoods-activists-allege

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