Bank of America Under Fire for Foreclosed Properties’ Decay

*The properties owned by residents of every city are required to maintain their property.

When they do not, neighbors complain because all properties depreciate when the property is not maintained.

In most cases, homeowners have a sense of pride about their property and the community it’s in, so most owners take care of their property.

The banks don’t have any sense of community though. And it appears that when they confiscate their properties from those who cannot pay them, they let the property sit…if it’s in an African American or Latino neighborhood.

But one nonprofit group that supports fair housing has filed a lawsuit against Bank of America for neither marketing nor maintaining those specific properties is calling them on their lack of action and have filed a lawsuit against the banking behemoth.

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