California city creates yet another litigation risk for big banks
Housing Wire (blog)
Frischling noted that the LA mortgage crisis led to 200,000 foreclosures and a $78 billion decline in home values. Yet, Southern California, and the state as a whole, is known to be in a consistent real estate bubble at times -- one created by a ...
Are foreclosure laws to blame for patchy US price gains?
The Real Deal Magazine (blog)
Why have many of the local housing markets that were hit hardest during the bust — especially in California — bounced back so vigorously and quickly, with prices close to or exceeding where they were in 2005 and 2006? And why have many others along ...
LA Sues Wells Fargo, Citigroup Over Foreclosures Alleging Mortgage ...
Fox News Latino
"Since 2008, banks have foreclosed on approximately 1.7 million homes in California, and Wells Fargo is responsible for nearly one in five of these foreclosures," the lawsuit against Wells Fargo says. A loan in a predominantly minority neighborhood of ...
Citigroup, Wells Fargo Sued by LA for Discriminatory Lending
City sues Citigroup, Wells Fargo over mortgage practices
California man sentenced to jail in foreclosure rescue scam
A California man who abused the bankruptcy process to delay a series of foreclosures is now facing 10 months in federal prison. The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that sentence for 72-year old Walter ...
FORECLOSURE: New York, Inland Southern California can feel your pain
As one from the Midwest who watched trends begin in Southern California or other locales along the West Coast, and work their way to the middle of the nation, and push toward the East Coast, the reports seem to offer a clue the painful process of ...
A key to housing recovery?
O'Grady noted that in non-judicial states such as California, foreclosures now account for just 10 percent of all sales, and home listings amount to a four-month supply — well below the national average. In slow-moving judicial states, by contrast ...
QUICK FORECLOSURES HELP SPEED HOUSING RECOVERY
89.3 KPCC (blog)
Q&A: What the $13 billion JPMorgan settlement means to Southern California
89.3 KPCC (blog)
From January 2007 to October 2013, there have been more than 497,000 foreclosures in Southern California - 43 percent of them in Riverside and San Bernardino counties, according to San Diego-based research firm DataQuick. The settlement requires ...
Record $13 billion settlement by JPMorgan Chase could aid homeowners
JPMorgan reaches landmark $13B settlement with US government
New York Times
More Cities Consider Using Eminent Domain to Halt Foreclosures
New York Times
This summer the similarly working-class city of Richmond, Calif., in a heavily industrial part of the San Francisco Bay Area, became the first to identify homes worth far less than their owners owe, and offer to buy not the houses themselves, but the ...
Foreclosure Activity Down In Central Valley, California and Nevada
Capital Public Radio News
"Comparing to the height of the housing crisis back in 2008-2009, we were seeing some months, as high as 100,000 properties with foreclosure filings in California, but now we're down to 15,000, so really a very small number compared to that." Blomquist ...
REAL ESTATE: Inland foreclosure filings fall 60% in October
SJ foreclosures down two-thirds in a year
SD area foreclosure filings down 57% from 2012
California foreclosures remain below pre-crisis levels
California foreclosure activity inched higher in October but has been hovering around the same benchmark since June, which is at or below pre-crisis levels, PropertyRadar reported. Notices of default increased 15.3% in the state during the month of ...