Bank of America accused of better maintained, marketed foreclosures in white neighborhoods

Bank of America

SAN ANSELMO, CA - JULY 18: People walk by a Bank of America branch office on July 18, 2012 in San Anselmo, California. Bank of America reported second quarter net income of $2.5 billion, or 19 cents per share comapred to a loss of $8.8 billion, or 90 cents per share one year ago. (Photo by Justin Sullivan/Getty Images)

Bank of America is being accused of bias in managing foreclosed homes based on race. The non-profit group that filed a complaint against the financial giant claims that foreclosed homes in white neighborhoods are maintained much better than those in African-American and Latino ones. Reuters reports:

A nonprofit group on Tuesday accused Bank of America Corp of maintaining and marketing foreclosed homes in white neighborhoods much better than those it owns in African-American and Latino neighborhoods.

The National Fair Housing Alliance and its member organizations said they filed a discrimination complaint with the U.S. Department of Housing and Urban Development. It lodged similar complaints in April against Wells Fargo & Co and U.S. Bancorp.

The group reviewed 373 properties owned, managed or serviced by Bank of America in eight U.S. cities as part of its ongoing examination of how U.S. lenders maintain bank-owned properties. Investigators evaluated properties for problems such as broken windows, overgrown lawns, trash accumulation and a lack of “for sale” signs

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