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Appraisal firm, loanDepot sued by Black couple for bias

A Maryland couple is suing appraisal firm 20/20 Valuations, its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there.

Nathan Connolly and Shani Mott, in a suit filed in Maryland District Court last week, claimed that Shane Lanham, president of 20/20 Valuations and real estate appraiser who conducted the appraisal, discriminated against the couple by “dramatically undervaluing their home” because of their race and the home’s details ⇒

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