Horne v. Harbour Portfolio

Harbour Portfolio (defendants) bought foreclosed Fannie Mae homes and resold them via contracts for deed carrying high interest rates, shifting all repair and tax burdens to buyers, and allowing Harbour to evict and keep all prior payments upon default; Fannie Mae-owned foreclosed homes in the relevant Georgia counties sat in neighborhoods that were 71% Black, compared to 48% Black for non-Fannie Mae foreclosures, and Harbour marketed only through yard signs and word of mouth. Horne and other buyers (plaintiffs) sued for reverse redlining, alleging Harbour's practices intentionally targeted and disparately impacted African American borrowers, and Harbour moved to dismiss for failure to state a claim.