Black homeowner, 2 appraisals, $62,000 difference
Christina Jordan was in the process of purchasing a new condo in Chicago’s Woodlawn neighborhood when the coronavirus pandemic upended daily life, making her question if it was the right time to move.
Jordan, 37, dropped her plans but decided to refinance her Oakland condo, which is west of Oakwood Beach, after hearing it was a good time to get a lower interest rate. The process required a home appraisal, but she was surprised when it valued her home at $278,000 — $1,000 less than she paid for her three-bedroom condo six years earlier.
Read more at The Chicago Sun-Times.