White homeowner calls his Prince George’s County appraisal ‘suspicious,' attorney general asked to i
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- Опубликовано: 22 ноя 2021
- After his neighbors came forward with allegations of appraisal bias, one resident knew said he needed to share his experience, and add his voice to the conversation.
Lol they definitely thought he was black smh
Did she say there’s no racial bias? I’ve seen videos of at least 2 couples who had white friends to pretend to be the black homeowners and their home appraisal increased 300k.🤔
Drive by. So they saw a majority black neighborhood, and thought the owners were black.
And let's guess that the appraiser was black! Now what? He could smell that soul
Cooking
For miles
Upper Marlboro Got million dollar homes everywhere
5:02....Bullsh*t. Ask the many people who were unfortunate victims of appraisal bias. Most people buy homes to create generational wealth for their family. When a home is purposely undervalued by an appraiser because of his/her bias, it takes away generational wealth from a family.
Very true
Generational wealth is a myth.
Expert? Gotta be a low rank expert. She might be an offender herself as she is in denial. Her thoughts are measured and calculated. Her body language doesn't align with what she is saying . There are laws targeting various forms discrimination but people still violate them most times., "madam expert".
Omg, looks like ole girl was having trouble listening to some of her own lies flowing out that mouth. Stroke...
Where money is involved it becames a slippery isuue. She knows there is a problem she just doesn't want to admit it.
Someone from the industry officially certifying that an appraisal is without bias doesn't mean jack. Appraisal bias isn't "difficult" when it is a all too widespread systemic issue, with the comps themselves being impacted by such bias!
The Woman appraiser was horrible and she refused to admit their is racial bias in her industry
BLM
Punished for not agreeing to your bias? ANd you wonder why we flee?
I am an appraiser local to that area (did not do this appraisal) a big problem I see, are with these AMCs (The entity who assigns the appraiser) They try to get the cheapest person they can find, which results in an appraiser coming from hundreds of miles away who knows nothing about the local market. Thats why the homeowner didn't have to pay a fee. I agree with everything the appraiser said. Appraising follows the oldest rule of any profession. "You get what you pay for". Its not always bias, its expertise. Lenders and especially AMCs dont distinguish an appraiser based on experience, quality of work, its all who will do the report the fastest foe the lowest amount possible. Homeowners hate the appraisal fee, but its a drop in the bucket compared to getting an accurate report. Hire an independent appraiser who is local to challenge a valuation.
Not only is there appraisal bias; but this same biasness overlaps the bank ops of offering the best, lowest interest rate and doing cash out refi’s.
Yes, banks don’t have to fund your home refi _ enabling you to capitalize on your asset and its equity, esp. in moment’s of competitive low I-rates.
There was a third appraisal conducted for a complete refinance and it appraised at $1.25M, $330,000 more just a few months later.
yeah there is no way in hell that house is worth 1.25m
It's another BS excuse for poor me
Just because! Get over it
What kind of expert is she? She sounds affair to give a honest opinion.
This is so crazy because the buyer can only borrow the appraised amount- geez. The industry obviously need new standards
With high interest rates, he's probably not going to get the loan anyway now. With the tax assessor now advised, he can expect his property tax and perhaps those of his neighbors to increase making the loan absolutely and impossibly unaffordable.
*❝Discrimination can certainly cause statistical disparities. But statistical disparities do not automatically mean discrimination.❞*
_〜 Dr. Thomas Sowell_
This is so sad. If I did not personally have an experience with a luxury home in an all black neighborhood being valued lower than it should have been,; and if I did not have the experience of being a target of racial steering while looking to move up to a predominantly white golfing community , only to be led to, (yes the real estate agent asked us to follow her), to an all black lower economic neighborhood with starter homes, I would take her at her word, given her professional credentials l
But I cannot because in my second negative home buying expedience, the agent on duty in the white golfing community., actually locked up the model home and asked us to follow her to a community that she thought would be excellent for us. And the house that she led us to was very similar to the starter home we were living in at the time.
So after years of saving, investing and keeping our credit scores high, we were still led to a home that she felt comfortable with us having in the end. Buying another starter home was not our goal, and yes this was explained to the agent. Bottom line, she did not want us polluting those good folks goofing community. Devastating for sure.
But since those experiences impacted my life so negatively, I cannot give her the benefit of the doubt and believe one word that came out of her mouth.
Let’s face it, there are so many ways to rob others of opportunities to build generational wealth, firing before retirement, not hiring equity qualified people for upward mobility careers with excellent financial benefits, , and red lining, (approving mortgages for black or minority buyers only in black and minority neighborhoods and not in mostly white neighborhoods ), in urban communities across the nation. That is a proven fact. So her talking points are mute points to me, , Gail McBride in Atlanta.
So the lady with 15 years of real estate experience at the end doubts that appraisal discrimination exists, in so many words. Your credibility is shot 😮
Notice how she hesitates in the extreme towards the end, like she wants it to not be an issue, but is feeling taken aback realizing KNOWING that it is, and that SHE has likely contributed to it(!) but feeling the need to remain in denial!
Lol do you psychoanalyze people like that show "Lie to me"? Because it looks like she was searching for the wording to use. I'm sure she isn't used to doing TV interviews. I am also an appraiser and we like getting work. If your labeled as a bias appraiser, you get little work, plus you get investigated, sanctioned, etc. There is nothing to gain from intentionally screwing someone. Yet You get what you pay for, want a cheap appraisal? You may get an inferior result. Hire a cheap plastic surgeon, same thing.
@@gdogg2000 yes, It's remarkable the extent that some professionals allow their own bias to degrade their work, especially when doing would have traditionally been tolerated and covered up, even if that it increasingly no longer the case... not good business but still not too surprising either.
If a house is appraised more than those in area other owners will complain of bias. Damned if you don’t, damned if you do - or is it vice versa?
NORMAL DAY IN AMERIKKKA!
Why was race even mentioned in this video? It looks to me as though the appraiser simply did a bad job. My guess is if this man was actually selling his home, he would have had a full appraisal and it would have reflected the higher amount. How much did the appraisal impact his HELOC? Why is this even worthy of a news report?
The owner must have some ties to the news media?
Wrong. Location, location, location. PG county is a ghetto.
Keep pg black. Thata how we want it 😂
Better start learning spanish.
Trying to make this about race once again.....🙄
It is about race. 🙄 Do your research. This happens all the time.
It's always been about race.
@@sexyLindaJ
It's about race now because everyone WANTS to make it about race amd play the victim. Growing up in the 80's it was never discussed and was never a thought and we were taught the ideas of Martin Luther King. People are MORE racist now than in the 80's and 90's. Period.
@@iketinknocker5033 Huh? They've been discriminating against black people in real estate since the Great depression. You may not have known, but it is a fact. The US has even gone farther than that. How about completely destroying entire black established communities? That's in many states of the union. Claiming imminent domain over areas without a second thought..displacing families to wherever they can go.
Do some research then comment on this topic.
@@sexyLindaJ
I DO know my research. And "THEY" have been discriminating people of ALL races. The Irish were discriminated against since the 1840's. The Japanese in the 40's and 50's. The Hispanics NOW as of today. It's not, black / white / brown / yellow. It's the same today as its always been. Rich vs. Poor. I know my damn research. You open your mind and do yours. And don't misinterpret what I'm saying. Yes, I know blacks have had the struggle. But so has every other f-ing race too. And it shouldn't be the discrimination Olympics. Housing discrimination has been happening for EVER, but it did not just start now. Wake up.