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Stories related to: foreclosure

Higher Housing Demand Means Fewer Zombie Foreclosures

October 26, 2017 | Steve Milne

The demand for housing in California means there are fewer vacant properties in limbo or homes yet to be repossessed by the lender, sometimes referred to as "zombie foreclosures."

Rich Pedroncelli / Associated Press

California Home Foreclosures At 11-Year Low, But Backlogs Remain Copious

January 12, 2017 | Steve Milne

Housing data shows an 11-year low in foreclosure activity, but California is still ridden with a heavy backlog of home purchases with bad loans during the last housing bubble.

Rich Pedroncelli / Associated Press

Banks Take Back More Homes In October

November 10, 2016 | Steve Milne

Bank repossessions - the final stage of the home foreclosure process - were up in Sacramento County last month. But overall foreclosure activity is down, keeping the inventory of available homes low and making it a tough market for first-time buyers.

Rich Pedroncelli / Associated Press

HUD Awards Counseling Grants

June 21, 2016 | Steve Milne

A West Sacramento non-profit group is getting more than $700,000 from the federal government to help people in rural communities keep their homes and avoid foreclosure.

Report: Investors Flipping Fewer Homes

April 28, 2016 | Steve Milne

New real estate statistics for both California and Sacramento County show institutional investors, or companies that buy and flip homes, accounted for less than one percent of all property sales in the first-quarter.

BasicGov / Flickr

Report: Foreclosure Activity Below Pre-Recession Levels

April 14, 2016 | Steve Milne

A new real estate report finds that California is among a dozen states where foreclosure activity is now below the pre-recession average.

Rich Pedroncelli / Associated Press

Sacramento Investigators Helped Spur Goldman Sachs Settlement

April 11, 2016 | Steve Milne

A Sacramento-based investigation of Goldman Sachs has helped lead to a $5 billion settlement with the bank over the sale of shoddy mortgages. The U.S. Justice Department announced the settlement Monday.

DOJ Announces Mortgage Abuse Settlement

February 5, 2016 | Steve Milne

California's Department of Justice announced today it's reached a $470 million settlement with mortgage lender HSBC over foreclosure abuses. It's part of a settlement with 48 other states and the U.S. Department of Justice.

Rich Pedroncelli / Associated Press

Report: Foreclosures Return To Pre-Recession Levels

January 14, 2016 | Steve Milne

Year-end housing data released Thursday show foreclosure activity continues to decline in California. Research firm RealtyTrac says 2015's overall foreclosure numbers are the lowest in nearly a decade.

Steve Milne / Capital Public Radio

RealtyTrac: Bank Repos Up 26 Percent Year To Date

December 10, 2015 | Steve Milne

Data released today show 2,567 California homes were repossessed by banks in November. Research firm RealtyTrac says that was an increase of 26 percent compared to a year ago. Analysts say banks continue to work through the backlog of foreclosures.

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