Foreclosures

A home for sale in Richmond. (CBS)

Richmond’s Eminent Domain Plan Moves Another Step Forward

The Richmond City Council has set up new guidelines for the proposal.

12/18/2013

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

California Foreclosure Activity Nears 7-Year Low

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.

10/22/2013

Officers at the scene of a shooting on Ashbourne Circle in San Ramon's Norris Canyon Estates community, September 18, 2013. (CBS)

San Ramon Man Accused Of Shooting Property Manager Held On $2.5M Bail

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.

09/24/2013

Officers at the scene of a shooting on Ashbourne Circle in San Ramon's Norris Canyon Estates community, September 18, 2013. (CBS)

Man Arrested In San Ramon Eviction Shooting Had Financial Troubles

A man suspected of shooting a property manager during a bank repossession of his San Ramon home was an investment adviser facing financial trouble.

09/19/2013

Officers at the scene of a shooting on Ashbourne Circle in San Ramon's Norris Canyon Estates community, September 18, 2013. (CBS)

Property Manager Shot While Serving Eviction Notice In San Ramon

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.

09/18/2013

A home for sale in Richmond. (CBS)

Judge Declines Banks’ Effort To Block Richmond Eminent Domain Plan On Underwater Mortgages

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.

09/12/2013

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

A foreclosed Stockton home. (Justin Sullivan/Getty Images)

Californians Wrongfully Foreclosed On Receiving $1,500 Checks

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.

06/04/2013

A foreclosed Stockton home. (Justin Sullivan/Getty Images)

California To Receive More Than $20 Billion From Mortgage Settlement

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.

02/21/2013

Standard & Poor's headquarters in the financial district of New York. (Stan Honda/AFP/Getty Images)

California Attorney General Sues Standard & Poor’s Over Investment Ratings

California’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.

02/05/2013

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