11 Investors Accused Of Bid Rigging, Fraud In Northern California Foreclosure AuctionsA federal grand jury in San Francisco has indicted 11 real estate investors on multiple charges of bid-rigging and fraud schemes at foreclosure auctions in Northern California, U.S. Department of Justice officials said Thursday.
Richmond’s Eminent Domain Plan Moves Another Step ForwardThe Richmond City Council has set up new guidelines for the proposal.
California Foreclosure Activity Nears 7-Year LowA research firm says California home foreclosure activity neared a seven-year low during the third quarter as rising prices left fewer homeowners in trouble.
Property Manager Shot While Serving Eviction Notice In San RamonAuthorities have arrested a man on suspicion of shooting a property manager in the leg when he and two Contra Costa County sheriff's deputies tried to serve an eviction notice.
Judge Declines Banks' Effort To Block Richmond Eminent Domain Plan On Underwater MortgagesA federal judge in San Francisco sided with the City of Richmond in its effort to take over mortgages from hundreds of struggling homeowners by denying a request from banks for a preliminary injunction because it's too premature to decide.
Richmond Demands Wells Fargo Drop Lawsuit Over Eminent Domain Mortgage PlanThe 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.
Californians Wrongfully Foreclosed On Receiving $1,500 ChecksMore than 200,000 Californians will each receive checks worth nearly $1,500 this month as part of the national mortgage settlement, the state attorney general's office said Tuesday.
California To Receive More Than $20 Billion From Mortgage SettlementCalifornia should receive at least $20.6 billion from a settlement with the nation’s major mortgage lenders, the largest share of any state and about $2 billion more than expected when the agreement to assist homeowners was announced last year, according to a report released Thursday.
California Attorney General Sues Standard & Poor’s Over Investment RatingsCalifornia’s attorney general has filed a lawsuit against debt rating agency Standard & Poor’s, claiming it inflated its ratings of certain investments, costing the state’s public pension funds and other investors billions of dollars.
California Foreclosure Activity Reaches 6-Year LowA real estate research firm says California home foreclosure activity has fallen to a six-year low.
Bay Area Home Prices Jump On Lack Of ForeclosuresA research firm says San Francisco Bay area home prices rose last month at the fastest clip in more than 20 years.