LOS ANGELES – Lenders seized more U.S. homes this summer than in any three-month stretch since the housing market began to bust in 2006. But many of the foreclosures may be challenged in court later because of allegations that banks evicted people without reading the documents.
A total of 288,345 properties were lost to foreclosure in [...]
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LOS ANGELES – Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.
August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. The previous high was in May.Banks have been stepping up repossessions to [...]
Continue reading about U.S. mortgage crisis,US homes lost to foreclosure up 25
My grandfather grew up in Macedonia, a small town in southern Illinois. When I was a kid, it consisted of two run-down general stores owned by feuding brothers, a post office and a cemetery. My uncles claimed that sad, little Macedonia could have become a booming commercial center, with hotels and shopping centers, if only [...]
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In a sign of the White House’s level of worry, a vacationing President Barack Obama held a conference call with top advisers, including Treasury Secretary Timothy Geithner and National Economic Council Director Larry Summers, about the recent soft data.
“The economic team provided an update on the next steps to keep the economy growing, including assistance [...]
Continue reading about July new home sales sag as durables orders soft
A hobbyist beekeeper stung repeatedly by his swarm Tuesday evening was hospitalized overnight, but is expected to recover, a Cal Fire official said Wednesday.
The 63-year-old man was collecting honey when the bees attacked around 8:30 p.m. on Silverline Road, which is located in the remote part of the Santa Cruz Mountains near Summit Road and [...]
Continue reading about Beekeeper expected to recover from more than 100 stings
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