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Foreclosure Crisis

Foreclosed homes on Lucas Street in Richmond (CBS)

Richmond Demands Wells Fargo Drop Lawsuit Over Eminent Domain Mortgage Plan

The mayor of a financially struggling East Bay city and several supporters showed up unannounced Thursday at Wells Fargo Bank’s headquarters to demand it drop a lawsuit fighting a novel plan to refinance hundreds of “underwater” mortgages.

08/15/2013

Foreclosed homes on Lucas Street in Richmond (CBS)

Richmond Threatens Eminent Domain To Address Foreclosure Crisis

The city is the first in the country to take the step of threatening eminent domain to handle underwater mortgages.

07/30/2013

A foreclosure sign hangs on a fence in front of a foreclosed home on April 6, 2011. (Justin Sullivan/Getty Images)

Foreclosure Crisis Prompts Oakland Bank Demonstrations

Members of a coalition aimed at making mortgage relief a key issue this election demonstrated at major banks in Oakland Thursday

06/01/2012

A foreclosure sign hangs on a fence in front of a foreclosed home on April 6, 2011. (Justin Sullivan/Getty Images)

Governor Plans To Divert Foreclosure Settlement Money For Budget

Jerry Brown is proposing using more than $400 million of the settlement money to help close the budget gap.

05/30/2012

A foreclosure sign hangs on a fence in front of a foreclosed home on April 6, 2011. (Justin Sullivan/Getty Images)

San Francisco Renters Face Eviction After Landlord Foreclosed

Tenant and housing advocates gathered outside a San Francisco Mission District bank on Thursday with three single mothers who are facing eviction.

04/26/2012

A sign advertising an apartment for rent is displayed in a window in San Francisco. (Justin Sullivan/Getty Images)

Affordable Rentals Becoming Scarce In The Bay Area

Affordable places to rent are becoming more difficult to find, especially in the Bay Area, where rent is increasing rapidly in San Jose, San Francisco and Oakland.

CONNECT WITH KCBS–04/27/2011

house

Signs Of Life Appear In Vallejo’s Beleaguered Housing Market

The end may finally be in sight for the Bay Area foreclosure crisis, as some cities that have suffered the most see their home prices stabilize.

CONNECT WITH KCBS–04/15/2011

(AP)

California Legislation Fights Ongoing Foreclosure Crisis

California legislators are taking the ongoing foreclosure crisis head on, with a new slate of bills known as the Homeowners Protection Act.

CONNECT WITH KCBS–03/17/2011

(AP)

Loan Modification Scams Slow In Silicon Valley

As California plunged into the foreclosure crisis, many desperate consumers began falling victim to shady companies offering bogus loan modification programs.

CONNECT WITH KCBS–02/28/2011