The number of distressed properties sold in Southern California and statewide has plunged dramatically over the last five years, resulting in higher home prices, according to a real estate industry group.
State authorities say the men were arrested Wednesday on an indictment charging them with grand theft, income tax evasion and conspiracy.
Los Angeles Mayor Eric Garcetti joined with community activists and homeowners Thursday to promote a new, anti-foreclosure help line.
An auction for a foreclosed home was shut down Wednesday over stray voltage concerns in a Redondo Beach neighborhood.
Lenders initiated the foreclosure process on 57,286 homes last month, the lowest level for any month in 7½ years, foreclosure listing firm RealtyTrac Inc. said Thursday.
The number of American homes reposed by lenders in March fell to the lowest level in more than five years, according to Los Angeles-based Realty Trac Inc.
An elderly man was robbed and beaten in his San Bernardino home, according to authorities.
California has one of the highest foreclosure rates in the nation but overall filings in November reached a low not seen in six years, according to data published by Realty Trac.
The city of El Monte plans to buy bank-owned homes, fix them up, and then sell them to low-income families in an effort to combat foreclosures in the area.
California home prices rose in September to a four-year high as the supply of properties for sale remained tight, according to surveys released Monday.
Eleven people have been indicted by a Los Angeles federal grand jury for a loan modification scam that preyed on more than 4,000 financially distressed homeowners.
A Moreno Valley woman tried to sell her home, only to find out the bank mistakenly foreclosed it.
The owners of a modest home near Twentynine Palms lost their cherished possessions after a bank mistakenly foreclosed their residence.
A 93-year-old woman is facing foreclosure after taking a second mortgage out on her West Hollywood home.
Romney negotiated a $10 million federal bailout for his company, but has called for foreclosures to be allowed to “hit bottom” and letting Detroit go bankrupt.