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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

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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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