ACLU Slams FHFA Over Stance On Eminent Domain Foreclosure
Law360, New York (December 05, 2013, 5:36 PM ET) -- The American Civil Liberties Union hit the Federal Housing Finance Agency with a suit alleging Freedom of Information Act violations in California federal court Thursday, claiming the agency has ...
Newark Advances Eminent Domain Plan to Slow Foreclosures
Cities in about a dozen states from California and Washington to New York and New Jersey are considering deploying it to help homeowners who owe more than their houses are worth, said Robert Hockett, a Cornell University law professor who advised ...
Groups Sue Feds Over Foreclosure Fighting Tactic
NJ ACLU, others sue federal agency in brewing eminent domain controversy
World Property Channel
Latest trend in ultra-high-end homes: foreclosures
Albuquerque Business First
Florida and California have accounted for more than 60 percent of all high-end foreclosure activity this year. Both states have encountered a combination of a huge housing boom and bust over the past seven years along with a big inventory of high-value ...
Luxury Real Estate Foreclosures Up 61 Percent
Foreclosure rate on luxury homes explodes
Mansion Foreclosures Skyrocket in US
'Non-Judicial' Foreclosure States See Their Housing Markets Rebound Faster
That's the takeaway from a Los Angeles Times overview of California's foreclosure crisis, which has abated quicker there than in other states. California is a non-judicial state. Among the best-performing U.S. areas in terms of home-price recoveries ...
FORECLOSURE: New York, Inland Southern California can feel your pain
As one from the Midwest who watched trends begin in Southern California or other locales along the West Coast, and work their way to the middle of the nation, and push toward the East Coast, the reports seem to offer a clue the painful process of ...
A key to housing recovery? Out-of-court foreclosures
The Seattle Times
O'Grady noted that in nonjudicial states such as California, foreclosures now account for just 10 percent of all sales, and home listings amount to a four-month supply — well below the national average. In slow-moving judicial states, by contrast ...
QUICK FORECLOSURES HELP SPEED HOUSING RECOVERY
New York Times
More Cities Consider Using Eminent Domain to Halt Foreclosures
New York Times
This summer the similarly working-class city of Richmond, Calif., in a heavily industrial part of the San Francisco Bay Area, became the first to identify homes worth far less than their owners owe, and offer to buy not the houses themselves, but the ...
Foreclosure Activity Down In Central Valley, California and Nevada
Capital Public Radio News
"Comparing to the height of the housing crisis back in 2008-2009, we were seeing some months, as high as 100,000 properties with foreclosure filings in California, but now we're down to 15,000, so really a very small number compared to that." Blomquist ...
REAL ESTATE: Inland foreclosure filings fall 60% in October
SJ foreclosures down two-thirds in a year
SD area foreclosure filings down 57% from 2012
California foreclosures remain below pre-crisis levels
California foreclosure activity inched higher in October but has been hovering around the same benchmark since June, which is at or below pre-crisis levels, PropertyRadar reported. Notices of default increased 15.3% in the state during the month of ...
Richmond's program to prevent foreclosures spreads
Mortgage Resolution Partners, the investment firm working with Richmond, is assembling a group of cities in California that can move forward with the plan together. This would partially shield Richmond from liability issues and costly lawsuits. Last ...