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Suit Alleges Bank Of America Left Foreclosed Homes For Ruin

A foreclosed home in Chicago is marked with graffiti.

The Fair Housing Center of Central Indiana joined several groups Tuesday that have filed a federal housing discrimination complaint against Bank of America, alleging the company failed to maintain foreclosed properties in African-American and Latino neighborhoods.

Fair Housing Center Executive Director Amy Nelson says her organization monitored almost two dozen properties in Indianapolis and found that Bank of America has not maintained foreclosed homes in those neighborhoods at the same rate as predominantly white neighborhoods.

“Bank of America has an obligation to maintain the homes that are in their possession and to market those homes,” Nelson says. “Our analysis found that 100 percent of the homes that were in colors of community in Indianapolis did not even have a for sale sign posted.”

Nelson says property values have been affected as a result. Nelson says the goal is to get Bank of America to maintain the homes at the same level as others.

Several other organizations from across the nation as also part of the complaint filed with the U.S. Department of Housing and Urban Development.

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