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."
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.
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.
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.
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.
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.
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.
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.
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.
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.
