Group says U.S. Bank neglects foreclosures in Denver minority areas

A fair-housing advocacy group Wednesday accused U.S. Bank of failing to adequately maintain foreclosed properties in metro Denver’s minority neighborhoods.

The National Fair Housing Alliance added Denver and three other cities to its pending complaint with the U.S. Department of Housing and Urban Development that alleges improper foreclosure maintenance in 41 cities nationwide.

The group has filed similar complaints against other banks, including Wells Fargo and Bank of America. The complaints state that the banks and their servicers conduct good maintenance on foreclosed homes in predominantly white neighborhoods but fall short in minority areas by allowing homes to deteriorate, accumulate trash and become overgrown with weeds.

Last year, Wells Fargo settled a similar complaint over how it maintained foreclosures, agreeing to invest $39 million in 45 communities, including Denver, to improve housing in minority neighborhoods hit hard by foreclosures.

Read on.

One response to “Group says U.S. Bank neglects foreclosures in Denver minority areas

  1. Reblogged this on Deadly Clear and commented:
    What an incestuous group of diviates … Look at their foreclosure complaints. They are all intertwined in the “loan procurement to securities scheme with no disclosure to the homeowner whose collateral and credit they used to induce investors. The days of liars loans has passed and boomeranged. The liars were the Wall Street banks that fraudulently concealed the transactions. If you know a homeowner that got a loan between 2003-2008 and hasn’t defaulted – tell them they have a gold mine because of the fraudulent concealment.

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