The Bay Area family at the center of a two-year investigation into discrimination in the home appraisal process has reached a settlement agreement with the appraiser who performed an appraisal that came in $500,000 lower than expected.
The family believed their home appraisal came in low during a refinance, so they "white washed" their home by taking down family photos, artwork, even hair products- and had a white friend stand in.
The appraiser who performed the low appraisal has to pay the Austin's an undisclosed amount of money, required to agree not to discriminate in the future, attend a training session regarding the history of segregation in real-estate discrimination provided by the Fair Housing Advocates of Northern California, complete state-assigned continuing education, and is required to watch Julian Glover's documentary "Our America: Lowballed.
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