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Realtors, Banks Warn Plan To Seize Distressed Homes May Backfire

A controversial plan to help struggling homeowners in the Inland Empire by invoking eminent domain in order to rescue distress properties was under fire on Friday.


(credit: CBS)

Search Is On For ‘Distressed’ Hiker In Topanga State Park

Rescuers searched for a hiker Sunday evening in Topanga State Park, a Los Angeles fire official said.

CBS2 / KCAL9–07/24/2011

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Agents Push To Ease Short Sales In LA Times Ad

Short sale transactions allow distressed borrowers to avoid foreclosure by selling their homes for less than what is owed on them.