Posted on 03/08/2023 11:25:34 AM PST by ChicagoConservative27
A black couple has settled a lawsuit with a property appraiser who undervalued their California home by almost half a million dollars.
Paul Austin and Tenisha Tate-Austin’s four-bedroom residence in swanky Sausalito, near San Francisco, was valued at $998,000 by Janette Miller, co-owner of Miller and Perotti Real Estate Appraisers. That figure was $455,000 lower than an appraisal done for a prior mortgage refinance in 2019.
Feeling that their home was worth much more money, the Austins asked one of their white pals to pose as the owner of their residence. They had the home reappraised — and it was suddenly worth $1.48 million.
The Austins decided to sue Miller and her company claiming that her appraisal was “the direct product of racial discrimination.”
The case has now been settled out of court, with Miller agreeing to pay an undisclosed sum of money to the couple. The settlement also includes an unusual twist: The appraiser was also required to watch “Our America: Lowballed,” a documentary about their “white-washed” saga.
(Excerpt) Read more at nypost.com ...
It’s in California.
The black couple should place the blame where it belongs, on their black community friends.
It was the same assessor and only a few weeks apart. Sloppy worker if you can’t remember the previous assessment or check your records.
Oh I thought the appraisals were done at the same time in the same market.
In some areas a 500K increase in 5 years is not unusual.
these were 5 years apart if I read it correctly
Same company at least, and they returned for a second appraisal based on the owners challenging their first appraisal as too low.
But if you are buying the house from them, presumably you wouldn’t be living near them?
How could their be such a difference? A lot of this is based on comps on nearby houses.
Are you daft? If you are buying the house from someone, you will not be living near them. Please explain to me what you are thinking?
Which might be why liberals are willing to pay $500,000 more, to not live near them.
Do you think it’s a coincidence that liberal places are the places that are the most segregated?
Red states only segregate based on income. Blue states are the ones with the ghettoes.
You don’t see any poor lawyers in California racism is big business.
If you can’t sue a neighbor shake down a business.
Just Us brothers wink
Please explain to me how you are living next to someone you bought the house from? Once you buy the house, they are moving somewhere else.
I’ve bought seven homes. I’ve never met the surveyors, inspectors or appraisers. I just get reports and bills. Yep, something odd going on here.
Now that’s funny:-)
It’s California Tell It Right.
You’d have to ask the liberal, who is willing to pay $500,000 for a home from a white homeowner than a black homeowner.
San Francisco is a liberal city, not a conservative one.
Living in a multi-unit building, my main criterion is that my neighbors be quiet. No noisy dogs, children, music, or partying.
All states segregate by income. Blue state liberals tend to be wealthy, and their gated communities reflect ethnicities that are wealthy (with blacks tending toward the economic bottom).
And some people prefer to live with their own even in Red states. Ultra-Orthodox Jews often form insular enclaves regardless of state politics. And every major city seems to have a gay district.
They want to pay more taxes?
House prices there are crazy.
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