Higher Housing Demand Means Fewer Zombie ForeclosuresOctober 26, 2017 | Steve MilneThe 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." Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
California Home Foreclosures At 11-Year Low, But Backlogs Remain CopiousJanuary 12, 2017 | Steve MilneHousing 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. Listen /Update RequiredTo play audio, update browser or Flash plugin.
Banks Take Back More Homes In OctoberNovember 10, 2016 | Steve MilneBank 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. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
HUD Awards Counseling GrantsJune 21, 2016 | Steve MilneA 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. Listen /Update RequiredTo play audio, update browser or Flash plugin.
Report: Investors Flipping Fewer HomesApril 28, 2016 | Steve MilneNew 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. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
Report: Foreclosure Activity Below Pre-Recession LevelsApril 14, 2016 | Steve MilneA new real estate report finds that California is among a dozen states where foreclosure activity is now below the pre-recession average. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
Sacramento Investigators Helped Spur Goldman Sachs SettlementApril 11, 2016 | Steve MilneA 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. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
DOJ Announces Mortgage Abuse SettlementFebruary 5, 2016 | Steve MilneCalifornia'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. Listen /Update RequiredTo play audio, update browser or Flash plugin.
Report: Foreclosures Return To Pre-Recession LevelsJanuary 14, 2016 | Steve MilneYear-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. Listen /Update RequiredTo play audio, update browser or Flash plugin.
RealtyTrac: Bank Repos Up 26 Percent Year To DateDecember 10, 2015 | Steve MilneData 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. Listen / download audio Update RequiredTo play audio, update browser or Flash plugin.
