A 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.
The Richmond City Council has set up new guidelines for the proposal.
A research firm says California home foreclosure activity neared a seven-year low during the third quarter as rising prices left fewer homeowners in trouble.
A man who allegedly shot and injured a property manager attempting to serve an eviction notice at the suspect’s San Ramon home is set to be arraigned on attempted murder charges this week.
A man suspected of shooting a property manager during a bank repossession of his San Ramon home was an investment adviser facing financial trouble.
Authorities 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.
A 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.
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.
More 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 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.