Despite rising home prices in much of the Bay Area, many home buyers are struggling to wade out from their underwater mortgage – prompting some Richmond city leaders to attempt a unique tactic to provide mortgage relief.
It’s not every day homeowner’s march to their banks demanding a loan modification. But a North Bay family says it’s the only option they have to save their home.
In a sad sign of the times, thousands lined up at the state fairgrounds in Sacramento for a five-day event to help distressed homeowners avoid foreclosure.
Wells Fargo has agreed to pay $24 million to end an investigation by eight states probing whether the company made risky mortgages to consumers without disclosing their perils.