Clicky

News

Black household posts photographs of white neighbors and the score comes again practically $ 100,000 larger

The Parkers suspected they knew the answers to these questions, so they asked a white neighbor to borrow photos of their family in preparation for another evaluation, essentially to pretend to be a white family. However, their children couldn’t understand why mom and dad replaced their photos and words of cultural affirmation with photos of their white neighbors. “That was the most devastating part of it all,” Erica told the Enquirer. “Talking to your 3- and 6-year-olds and explaining that sometimes people treat us differently because of the color of our skin for them (the elders) we will give mercy to people and accept that this is not the case, but that mom and dad test something to see if that happens and if it does we would take care of it. “

The second valuation was $ 557,000 – $ 92,000 higher than the first, the Enquirer reported Monday. “In the Black community, we know that selling your home means removing your pictures. Don’t be present. As soon as I told my father about our experience, he said, “Why was Erica home? Why didn’t you take off your pictures? ‘ He knew right away, “said Aaron.” It’s unfortunate. “

Andre Perry, a Brookings Fellow, is working on a to learn On the impact of racial housing bias on black communities, the Enquirer said homes in black areas are undervalued by an average of $ 48,000, representing a total loss of $ 156 billion. Carlette Duffy, another black homeowner, conducted an experiment similar to the Parkers’ after the second appraisal of her home and saw the value of her home from $ 125,000 and $ 110,000 to $ 259,000, with a white friend standing by. “That’s real,” she told him Indianapolis star.

Still, Aaron told the Enquirer that people always doubt systemic racism. “Since we shared our story, it has been thrown out and will probably go on, that it was just a bad appraiser. And you can always say ‘it’s just a bad apple’, we hear that all the time,” he said. “But even if we do it is partially true, the lender in our case did not hear our concerns and ordered another appraisal. ”

Officials with the US The Ministry of Housing and Urban Development (HUD) informed the Enquirer in a statement that discrimination in housing can lead to recurring inequality. “Home is the primary source of wealth for most American households, and getting the value of a home right is critical to creating wealth for families and communities,” officials said.

HUD Secretary Marcia Fudge put together a task force that Cross-agency task force for real estate valuation valuation of equity capital, to tackle judicial discrimination earlier this year. “PAVE will partner with corporations and local executives to create a fairer America; where every person has a fair chance to build their wealth, ”Fudge tweeted in July when she announced the task force.

Organizers as their goals:

Coordinate efforts to evaluate and identify the extent, causes and factors that contribute to persistent mispricing and depreciation of assets. This includes assessing issues related to biased ratings in mortgage transactions and automated rating models (AVMs). To the extent possible, coordinate guidance from authorities, enforcement efforts and monitoring agencies. This may include reviewing the assessment-related authorities enforced by federal authorities, identifying similarities and conflicts, and establishing a framework for an appropriate exchange of information between authorities with enforcement agencies regarding coordinated enforcement and compliance, while respecting enforcement independence. Use the authority of the Assessment Subcommittee to strengthen oversight of the Assessment Foundation, promote diversity in government assessment oversight agencies, and create opportunities for transparent data sharing. As far as possible, coordination of data collection and reporting, maintenance of databases (depending on feasibility and legal opinion). Recommendation and implementation of measures within the agencies’ authorities, including concrete steps that the federal, state and local governments and industry take as quickly as possible. Coordinate efforts to evaluate and identify the extent, causes and factors that contribute to persistent mispricing and depreciation of assets. This includes assessing issues related to biased ratings in mortgage transactions and automated rating models (AVMs). To the extent possible, coordinate guidance from authorities, enforcement efforts and monitoring agencies. This may include reviewing the assessment-related authorities enforced by federal authorities, identifying similarities and conflicts, and establishing a framework for an appropriate exchange of information between authorities with enforcement agencies regarding coordinated enforcement and compliance, while respecting enforcement independence. Use the authority of the Assessment Subcommittee to strengthen oversight of the Assessment Foundation, promote diversity in government assessment oversight agencies, and create opportunities for transparent data sharing. As far as possible, coordination of data collection and reporting, maintenance of databases (depending on feasibility and legal opinion). Recommendation and implementation of measures within the agencies’ authorities, including concrete steps that the federal, state and local governments and industry take as quickly as possible.

The task force has set a 180-day schedule to produce an action report describing “the extent, causes and consequences of property undervaluation” and issues of action related to property undervaluation that industry leaders are committed to. HUD officials also made a complaint file resource page available on their website, an offer the Parkers took advantage of.

Erica told the Enquirer that as a black you have to prioritize your fights carefully or “you will fight every day. ”She and her husband chose this particular fight after explaining discrimination to their young children.I didn’t want to destroy her innocence, ”said Erica. “Growing up with Black means there are so many things you have to deal with and they shouldn’t feel so young. I tried to be structured as I would teach them, but this situation took that away from me. “

RELATED: A Story of Two Reviews: White Man Gets $ 100,000 More Worth Than Black Woman

RELATED: Black Family Hides Photos, Toni Morrison Books To Get Fair Real Estate Appraisals

RELATED: It turned out that resisting the temptation to remove property from black families doesn’t ask too much

Related Articles