(credit: Kevork Djansezian/Getty Images)

RealtyTrac: Bank Backlog, Not Recovery, Behind Drop In Foreclosures

The number of delinquent mortgages fell in May to the lowest level since 2006, the result of a slowing housing market and delays in banks’ foreclosure process.

KNX 1070 NEWSRADIO–06/16/2011

(credit: MARK RALSTON/AFP/Getty Images)

Troubled Homeowners To Receive Free Mortgage Counseling

Thousands of troubled homeowners are waiting at the Shrine Auditorium for the “Save The Dream” tour organized by the Neighborhood Assistance Corporation of America.


(credit: Justin Sullivan/Getty Images)

City Attorney: German Bank ‘Largest Slumlord’ In LA

Prosecutors say Deutsche Bank illegally evicted tenants, shut off their water and power and then allowed hundreds of properties to turn into blighted homes.


(credit: AP Photo/Damian Dovarganes)

DA: Mortgage Firm Bilked Millions From Homeowners, Banks

Prosecutors say buyers were told that if they paid half their mortgage payments to Pacific Vantage, the company would cover the other half and eventually split profits on a future sale.


(credit: AP/FILE)

Should Banks Pay $20K Per Foreclosure? Assemblyman Says ‘Yes’

Assemblyman Bob Blumenfeld says the money collected from banks would go to school districts, police and fire departments, and small business loans.


(credit: AP)

OC Mortgage Firm Charged With Minnesota Refinancing Scam

The attorney general of Minnesota says a Costa Mesa mortgage company charged homeowners thousands of dollars in fees and never delivered on promised refinancing services.


(credit: Joe Raedle/Getty Images)

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.


(credit: Joe Raedle/Getty Images)

Bailout Banks Shun Efforts To Stem Foreclosures

The plan is aimed at helping thousands of borrowers who owe more than their properties are worth, but without cooperation from the banks, the program will likely have limited benefits.


(Credit: AP Photo/Jim Suhr)

Mortgage Default Notices Slow Sharply In January

Fewer U.S. homes entered the foreclosure process in January than in any month in more than three years, the latest sign lenders are taking longer to move against homeowners who have fallen behind on mortgage payments.


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Sinking Home Values Leave Half Of Riverside Homeowners Underwater

A steep decline in home values across California and the U.S. are leaving more Americans underwater in their mortgages in 2011.

CBS Los Angeles–02/09/2011

mortgage default home sales market

Calif. Jobless Rate Likely To Spur More Foreclosures

As long as unemployment stays high in California, more people will likely be forced out of their homes by foreclosure, a state panel warned on Monday.

KNX 1070 NEWSRADIO–01/31/2011

(credit: CBS)

Thousands Flock To LA Sports Arena To Refinance Mortgages

With patience and paperwork, thousands of people lined up at the L.A. Sports Arena Sunday to try and refinance their mortgage through the Neighborhood Assistance Corporation of America (NACA).

KNX 1070 NEWSRADIO–01/30/2011

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Foreclosure Prevention Event Draws Desperate Homeowners

Thousands of homeowners waited at the Los Angeles Memorial Sports Arena Thursday in the hopes of getting free advice to save their homes from foreclosures.


(credit: AP Photo/Damian Dovarganes)

Riverside County Foreclosures Rank 2nd In California

Industry experts warn Riverside County is among the most distressed cities in the state when it comes to mortgages — and 2011 may not bring much more relief.


(credit: Joe Raedle/Getty Images)

Foreclosures Dip, But Adjustable Mortgages Set To Spike

Fewer Southland homeowners struggled to keep up with their mortgages in December, but there may be more turbulence for those with adjustable rate mortgages.