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View Poll Results: Is this a racist policy?
Yes 160 87.43%
No 20 10.93%
Can't decide 3 1.64%
Voters: 183. You may not vote on this poll

Closed Thread Start New Thread
 
Old 08-31-2022, 05:37 PM
Status: "I don't understand. But I don't care, so it works out." (set 7 days ago)
 
35,629 posts, read 17,968,125 times
Reputation: 50652

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Quote:
Originally Posted by Tedster24 View Post
Ask yourselves if MLK Jr. wanted this.
If you say "yes", go read what he had to say.
This is officially an Idiocracy.
I don't see how they can get away with it. First white/asian family that wants a house, and is in similar situation of having never owned a home before, especially if they're low-income and pay all their bills on time would seemingly win a lawsuit.

 
Old 08-31-2022, 05:43 PM
 
Location: NMB, SC
43,096 posts, read 18,269,535 times
Reputation: 34972
Quote:
Originally Posted by ClaraC View Post
I don't see how they can get away with it. First white/asian family that wants a house, and is in similar situation of having never owned a home before, especially if they're low-income and pay all their bills on time would seemingly win a lawsuit.
Guess it will end up in court like all the other oddly "wrong" things being done
 
Old 08-31-2022, 05:52 PM
 
Location: Inland Levy County, FL
8,806 posts, read 6,110,985 times
Reputation: 2949
Yes, of course it’s racist. I don’t know how they get away with this with the Civil Rights Act and all. (Oops, Fair Housing - my bad.)

It’s as racist as the job opening I saw the other day that is only open to blacks and Hispanics (or, people identifying as such), followed by the standard EOE statement. Not enough eyes to roll.

Last edited by andrea3821; 08-31-2022 at 06:03 PM..
 
Old 08-31-2022, 05:55 PM
 
Location: NMB, SC
43,096 posts, read 18,269,535 times
Reputation: 34972
Quote:
Originally Posted by andrea3821 View Post
Yes, of course it’s racist. I don’t know how they get away with this with the Civil Rights Act and all.

It’s as racist as the job opening I saw the other day that is only open to blacks and Hispanics (or, people identifying as such), followed by the standard EOE statement. Not enough eyes to roll.
It's closing that racial wealth gap we all hear about .


So who is the next group to get preferential treatment? The transgenders maybe?
 
Old 08-31-2022, 05:57 PM
 
5,121 posts, read 4,971,177 times
Reputation: 4940
Am I allowed to refuse to sell to these borrowers?
 
Old 08-31-2022, 06:01 PM
 
2,355 posts, read 1,152,668 times
Reputation: 3954
I want "equity" for Eskimos!!!
Igloo to you! B of A.
 
Old 08-31-2022, 06:02 PM
 
Location: Knoxville, TN
11,474 posts, read 6,002,443 times
Reputation: 22496
Quote:
Originally Posted by leoliu View Post
Am I allowed to refuse to sell to these borrowers?
Nope. That would be "discrimination". See how that works?

And why would you refuse? Going into the transaction, you won't know anything about how they secured their home loan. For all you know, they put 80% down and got reemed on closing costs. You would never know anything except that your home is in escrow and proceeding toward closing.

As for me, it is not my concern how a buyer buys my house, unless it is proven drug money procedes or some other criminal gain. If somebody buys my house legally -- no matter how unfairly entitled they were -- it is legal. I don't get to police the world if a transaction is legal.

Maybe you are saying you are opposed on principal and don't want your home sale to be involved in any way. As I wrote previously, you will never know what details B of A has regarding the buyer's loan unless the buyer is stupid enough to tell you, then it is back to "racism" if you refuse to sell to a minority.
 
Old 08-31-2022, 06:02 PM
 
Location: NMB, SC
43,096 posts, read 18,269,535 times
Reputation: 34972
Quote:
Originally Posted by Igor Blevin View Post
It makes you wonder if this will generate a lawsuit but what judge would risk his career by ruling for the plaintiff against minorities?
Who will dare file a lawsuit….
 
Old 08-31-2022, 06:05 PM
 
Location: NJ/NY
18,466 posts, read 15,250,426 times
Reputation: 14336
I would probably care a lot less if the taxpayers weren't going to be bailing them out when all these homeowners default on their mortgages.

Zero down means you walk away whenever you want. Add to that, that they are not using credit scores to determine eligibility for the loan.

Are they completely out of their minds?
 
Old 08-31-2022, 06:05 PM
 
Location: SF Bay Area
7,334 posts, read 3,812,806 times
Reputation: 5302
Quote:
Originally Posted by ClaraC View Post
I don't see how they can get away with it. First white/asian family that wants a house, and is in similar situation of having never owned a home before, especially if they're low-income and pay all their bills on time would seemingly win a lawsuit.
It appears BofA found a use for all those lawyers on retainer.
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