MORE ON: foreclosures

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

New rules designed to speed relief to struggling California homeowners may not bring quick assistance after all. That's because Fannie Mae is not yet participating in a $779 million state program to reduce mortgages for Californians who owe more on their homes than they are worth. On May 7... + read more

Nearly a million California homeowners lost their homes in the foreclosure crisis. Now, some are being pursued by a little-known Texas company with a controversial strategy for seeking profit in the real estate collapse. + read more

Homeowners thought their mortgage debt was erased after banks and lending companies took their houses – until Heritage Pacific stepped in. + read more

California continues to lead the nation in questionable home loans, with Los Angeles, Riverside, Santa Clara, Orange and San Bernardino counties among the areas with the highest number of suspected mortgage fraud cases, federal financial officials reported this week. According to the U.S... + read more

The state Department of Real Estate issued a desist-and-refrain order against a Los Angeles man accused of running an illegal loan modification business, as boom times continue for mortgage scams. Last year, California Watch reported that George Bolanos was targeting Latino homeowners in... + read more