MORE ON: foreclosure

Although foreclosures in the state have hit a five-year low, real estate experts say millions of Californians who owe more on their homes than they are worth might not see their situation improve for years. “It’s a huge drain on the economy,” said Dean Baker, co-director of... + read more

California’s housing crisis isn't over, with 11 percent of borrowers in the state at risk of foreclosure, according to a new report released this week by the nonprofit Center for Responsible Lending, a Washington-based think tank. The report found nearly 700,000 California homeowners... + read more

New research says it pays to help struggling homeowners. Thousands of Californians have lost their homes during the housing crisis, wreaking havoc on families, as well as state and local government property tax revenue. But there is an inexpensive solution, according to a report released last... + read more

Ethel Gist bought her dream house and planned to retire to Antioch in the Bay Area. Instead, the 70-year-old lost the house during the height of the foreclosure crisis, and now rents a place with her daughter and two grandchildren. After he lost his three-bedroom home in East Los Angeles, Rene... + read more