To prove lowball appraisal, Black couple ‘white-washes’ home—value rises by nearly $500K
newsdepo.com
A Black couple in Northern California is rightfully suing the shit out of an appraisal company after getting a low-ball price for their property. Since buying their four-bedroom, two-bath house in Marin City, a neighborhood in the San Francisco Bay areTo prove lowball appraisal, Black couple ‘white-washes’ home—value rises by nearly $500K
A Black couple in Northern California is rightfully suing the shit out of an appraisal company after getting a low-ball price for their property. Since buying their four-bedroom, two-bath house in Marin City, a neighborhood in the San Francisco Bay area, in 2016 for $550,000, Paul Austin, 45, and his wife Tenisha Tate-Austin, 42, have made nearly $400,000 worth of renovations—which the obviously biased appraiser noted when visiting the house. The Austins have added a new fireplace, a separate unit with its own kitchen and bathroom, a deck, refinished the floors, painted, added new fixtures in the kitchen and bathrooms, added a new foundation and retaining wall, replaced all of the windows, and doubled the square footage from its original 1,248 square feet. So when the appraiser fixed the price of the house at $995,000, which was lower than previous appraisals in 2018 and 2019, the Austins were pissed. Read more