News

Foreclosures up for first time in over 2 years

Homes in foreclosure rose year-over-year in May for the first time in 27 months as banks resumed dealing with distressed properties after a mortgage abuse settlement earlier this year, according to a report released by data firm RealtyTrac on Thursday.

U.S. targets landlords in fight against medical marijuana

Federal prosecutors are targeting medical marijuana shops in California, seeking forfeiture of the properties in which they do business.

International super-rich target California real estate

The super-rich investors responsible for London's prime real estate bubble are adding California to their wish lists, lured by bargains offering crisis-defying returns as an overdue churn in the United States property market finally gets under way.