QuoteA black couple from California are suing a real estate firm after their home went up in value by 50 per cent when they had a white friend pose as its owner.


Paul, 45, and Tenisha Tate Austin, 42, who are black and from Marin City near San Francisco had their home valued at $989,000 in January, having purchased it in 2016 for $550,000.

Following a second appraisal from a different lender the following month, they were shocked to find the home's value increased by a further $500,000. The couple credit 'whitewashing' the home of all signs of its owners' identity, and asking a Caucasian friend to pose as Tenisha for the second viewing as the reason for the jump in value.

They have now filed a fair housing lawsuit against appraiser Janette Miller, her firm Miller and Perotti Real Estate Appraisers, Inc. and national appraisal company AMC Links, LLC in the $487,500 discrepancy over the two valuations they received.

AMC were tasked with handling the couple's valuation, and were also behind the second valuation which saw a dramatic increase in price, the lawsuit alleges. 

Paul and Tenisha couple say the January estate agent was an older white woman - Miller - who used coded phrases like 'Marin City is a distinct area' when she valued the property which they believe was race-related.

The couple complained to their lender describing as 'a slap in the face' before the pair were finally approved for a second appraisal.

This time, the pair decided to run an experiment to see if their suspicions were right and got a white friend to pose as the owner.

They hid photographs and art work and replace it with their friend's photos.

'We had a conversation with one of our white friends, and she said. 'No problem. I'll be Tenisha. I'll bring over some pictures of my family'. She made our home look like it belonged to her.'

'There are implications to our ability to create generational wealth or passing things on if our houses appraise for 50% less,' Tenisha added.   

https://www.msn.com/en-gb/money/other/a-black-couple-erased-themselves-from-their-home-its-value-went-up/ar-AARuVSM?ocid=msedgntp

Really fucking scary

Smh this happened several times in other states as well.


but let Karen tell it, racism is a thing of the past

So their house went up in value because yt ppl posed as the owners?

ion see the problem if they're gon pocket the money 

this happens a lot smh
get that schmoney ya'll

Glad they're suing. That's basically theft of their equity ... especially if they would have just went along with the first valuation.

Quote from: Lady of Lithuania on December 06, 2021, 10:19:30 AM
Glad they're suing. That's basically theft of their equity ... especially if they would have just went along with the first valuation.

!!!!

I felt THIS

Quote'There are implications to our ability to create generational wealth or passing things on if our houses appraise for 50% less,'

It's bascially STEALING from future black generations 

SUE THEM king & quee

Quote from: Planet Choke on December 06, 2021, 10:13:29 AM
ion see the problem

you never do 

 

That's so fucking sad and I hope they sue for millions because they most definitely will win that lawsuit.

Disappointing but not exactly surprising.

Quote from: Cartierline on December 06, 2021, 12:00:39 PM
Disappointing but not exactly surprising.