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L.A., U.S. Bank reach $13.5-million settlement on foreclosed homes in disrepair

The Los Angeles city attorney has reached a $13.5-million settlement with U.S. Bank to resolve allegations that the nation’s fifth largest bank operated as a slumlord and allowed hundreds of foreclosed properties to deteriorate, fostering crime and blight in L.A. neighborhoods slammed by the housing...
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L.A. Sues U.S. Bank For Letting Foreclosures Fall Into Disrepair

Lifestyle / Shopping : The Consumerist

When a lender forecloses on a home, it becomes responsible for keeping the property safe and reasonably kept-up. But officials in Los Angeles has accused U.S. Bank of ignoring hundreds of foreclosures as they fall into disrepair and...

Bank of America, Fidelity National reach deal over title insurance for foreclosed homes

Business & Finance : Money & Co

In the latest fallout from foreclosure processing problems, Bank of America announced late Tuesday that it had reached an agreement with Fidelity National Financial Inc. to provide title insurance on the sale of foreclosed propertie...

L.A. says Deutsche Bank among city’s largest slumlords, files suit seeking hundreds of millions of dollars

United States / Los Angeles : L.A. Now

The Los Angeles city attorney's office accused officials at Deutsche Bank, a German financial institution, of being among "the largest slumlords in Los Angeles" and filed an unusual lawsuit Wednesday asking a judge to fine the compa...

L.A. builder KB Home settles allegations of building defects

Business & Finance : Money & Co

KB Home, one of the nation’s largest home builders, reached a $23.5-million settlement with the Florida attorney general's office to resolve allegations of shoddy construction and deceptive business practices. The office of Florida ...

US Bank will pay $13.5M for letting LA homes sit empty for years

Business & Finance / Real Estate : Curbed LA

Many of the homes have fallen into disrepair and have become “sources of blight” US Bank has agreed to pay $13.5 million to the city of Los Angeles for allowing hundreds of foreclosed homes to fall into disrepair in recent years, th...

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