Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

Fair housing groups have added more cities and new evidence to a complaint filed one year ago today against Bank of America that claims that the bank hasn't been diligent in maintaining and marketing bank-owned properties in minority neighborhoods.Bank of America's practices have undermined property values and discouraged purchases by owner-occupants in favor of investors, the lawsuit claims.In April 2012, the National Fair Housing Alliance released a study that concluded that lenders were violating the Fair Housing Act in their handling of many properties they'd repossessed in African-American and Latino neighborhoods. The homes, the study claimed, were not being maintained or marketed as diligently as homes in predominantly white neighborhoods.The group's evaluation of more t...