Bank of America Sued for Foreclosed Properties’ Decay

The properties owned by residents of every city are required to maintain their property.  When they do not, neighbors complain because all properties depreciate when the property is not maintained.  In most cases, homeowners have a sense of pride about their property and the community it’s in, so most owners take care of their property.

The banks don’t have any sense of community though.  And it appears that when they confiscate their properties from those who cannot pay them, they let the property sit…if it’s in an African American or Latino neighborhood.  But one nonprofit group that supports fair housing has filed a lawsuit against Bank of America for neither marketing nor maintaining those specific properties is calling them on their lack of action and have filed a lawsuit against the banking behemoth. According to Think Progress:

The National Fair Housing Alliance filed the complaint with the Department of Housing and Urban Development after examining Bank of America-owned properties in eight American cities and finding “significant racial disparities” in how the properties were maintained and marketed to potential buyers.

In other words, if you are not white, then your community will fall into disrepair.

We have found significant racial disparities,” Shanna Smith, chief executive officer of the National Fair Housing Alliance in a conference call with reporters.

What kind of dirty underhanded bull is this?!  The communities that have had their homeowners kicked out and overgrown fields brought in, with no hopes of marketing them are the very same communities that see little children snatched into these vacant houses and murdered, and rats and roaches ravage what could’ve stayed in tact as a nice home and community.  All of the banks that take the homes with no intention of helping the community, just let … the people…STAY!

Read more here!

-J.C. Brooks

3 thoughts on “Bank of America Sued for Foreclosed Properties’ Decay”

  1. This may not be the best place to ask this, but I’m interested in seeing if I’m eligible for a short sale and I have no idea how to find a good, local realtor… do you know anything about this realtor? They’re listed in the city of sacramento, not too far from my office and I can’t find reviews on them – Becky Lund & Associates – Sacramento Realtors, 8814 Madison Avenue #2 Fair Oaks, CA 95628 (916) 531-7124

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