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Bank of America Faces Foreclosure Discrimination Complaint Over Neglecting Minority Neighborhoods

securitizationauditservices.com | October 1, 2013

The National Fair Housing Alliance hit Bank of America with an expanded complaint that it neglected maintenance and marketing of foreclosed homes in minority neighborhoods, while simultaneously investing more time and money into the upkeep and marketing of homes in primarily white communities.

On Wednesday the NFHA expanded the complaint it filed one year ago to include five new cities: Memphis, Denver, Las Vegas, Tucson, and Philadelphia. The complaint also includes further evidence about additional cases of discrimination. In total, the NFHA claims it has uncovered discriminatory practices in the way Bank of America handled 621 properties in 18 metropolitan areas.

“Every day Bank of America continues to neglect homes it owns in communities of color and prices decline, allowing investors to snatch up these foreclosures, turning communities into neighborhoods of absentee landlords,” NFHA Chief Executive Shanna L. Smith said. “[Bank of America] has been on notice of these problems since 2009, [but they’re] all talk and no show.”

After a year-long investigation into Bank of America’s unlawful practices, the alliance discovered that homes serviced by Bank of America in minority communities were significantly more rundown than those homes located in predominately white neighborhoods. The minority homes revealed general disrepair with broken windows, overgrown yards and no for-sale signs.

“This discriminatory treatment discourages purchasers from buying homes in minority communities,” said Janell Byrd, a housing lawyer. “It reinforces the difference in property values between majority-white and majority-minority communities. And it exacerbates a gross disparity between the wealth of whites and minorities.”

Bank of America officials have fought back against these charges citing inaccuracies and a flawed methodology. According to bank spokeswoman, Jumana Bauwens, a number of the homes referred to in the NFHA’s report were the responsibility of other parties including the Federal Hosing Administration or were already in a serious state of disrepair when the bank seized them.

The NFHA has filed two additional complaints against U.S. Bank and Wells Fargo.


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CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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