Gov. Newsom Poised To Sign Bill That Keeps Foreclosed Homes In Hands Of ResidentsSB 1079, titled "Homes for Homeowners, Not Corporations," would give tenants, families, housing nonprofits and local governments first dibs on foreclosed properties before corporations.
California Judicial Council Votes To End Eviction Protections As Lawmakers Mull FixCalifornia will resume eviction and foreclosure proceedings on Sept. 2, stoking fears of a wave of evictions during the coronavirus pandemic unless the governor and state Legislature can agree on a proposal to extend protections into 2021.
California Court Leaders Consider Cutting Bail To $0 During Coronavirus CrisisCalifornia judicial leaders are expected to adopt a statewide emergency order setting bail at zero for lower-level offenses and suspending evictions and foreclosures to deal with the COVID-19 crisis.
Wells Fargo Finds Another 145 Customers Who Lost Homes After GlitchWells Fargo has identified 145 more customers whose homes were foreclosed on because of an apparent computer glitch.
Foreclosure Rate Drops To 2007 LevelsForeclosures fall well off the pace from the recession peak
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.